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Definition of economy of scale noun from the Oxford Advanced Learner's Dictionary

economy of scale

noun
 
/ɪˌkɒnəmi əv ˈskeɪl/
 
/ɪˌkɑːnəmi əv ˈskeɪl/
[usually plural]
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  1. a situation in which the cost of producing an item falls as more items are produced
    • We have improved our profitability by achieving economies of scale.
    Topics Businessc2
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