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College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.
Gerald Chertavian

Meaning of "economies of scale" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF ECONOMIES OF SCALE

economies of scale  [ɪˈkɒnəmɪz əv skeɪl] play
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GRAMMATICAL CATEGORY OF ECONOMIES OF SCALE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Economies of scale is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES ECONOMIES OF SCALE MEAN IN ENGLISH?

Economies of scale

In microeconomics, economies of scale are the cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output. Often operational efficiency is also greater with increasing scale, leading to lower variable cost as well. Economies of scale apply to a variety of organizational and business situations and at various levels, such as a business or manufacturing unit, plant or an entire enterprise. For example, a large manufacturing facility would be expected to have a lower cost per unit of output than a smaller facility, all other factors being equal, while a company with many facilities should have a cost advantage over a competitor with fewer. Some economies of scale, such as capital cost of manufacturing facilities and friction loss of transportation and industrial equipment, have a physical or engineering basis. The economic concept dates back to Adam Smith and the idea of obtaining larger production returns through the use of division of labor. Diseconomies of scale are the opposite.

Definition of economies of scale in the English dictionary

The definition of economies of scale in the dictionary is the financial advantages that a company gains when it produces large quantities of products.

WORDS THAT RHYME WITH ECONOMIES OF SCALE


broadscale
ˈbrɔːdˌskeɪl
descale
ˌdiːˈskeɪl
downscale
ˈdaʊnskeɪl
grayscale
ˈɡreɪˌskeɪl
kale
keɪl
limescale
ˈlaɪmskeɪl
macroscale
ˈmækrəʊˌskeɪl
mesoscale
ˈmɛsəʊˌskeɪl
microscale
ˈmaɪkrəʊˌskeɪl
millscale
ˈmɪlˌskeɪl
nanoscale
ˈnænəˌskeɪl
overscale
ˌəʊvəˈskeɪl
rescale
riːˈskeɪl
scail
skeɪl
scale
skeɪl
skail
skeɪl
subscale
ˈsʌbˌskeɪl
timescale
ˈtaɪmˌskeɪl
upscale
ˈʌpˈskeɪl
Windscale
ˈwɪndˌskeɪl

WORDS THAT BEGIN LIKE ECONOMIES OF SCALE

economic geology
economic indicator
economic management
economic migrant
economic rationalism
economic rent
economic sanctions
economic zone
economical
economically
economics
economies
economisation
economiser
economism
economist
economistic
economization
economize
economizer

WORDS THAT END LIKE ECONOMIES OF SCALE

Beaufort scale
Celsius scale
chromatic scale
economy of scale
Fahrenheit scale
Fujita scale
full-scale
large-scale
locale
Mohs scale
ordinal scale
pay scale
pentatonic scale
ratio scale
Richter scale
salary scale
sliding scale
small-scale
spring scale
wage scale
world scale

Synonyms and antonyms of economies of scale in the English dictionary of synonyms

SYNONYMS

Translation of «economies of scale» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF ECONOMIES OF SCALE

Find out the translation of economies of scale to 25 languages with our English multilingual translator.
The translations of economies of scale from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «economies of scale» in English.

Translator English - Chinese

规模经济
1,325 millions of speakers

Translator English - Spanish

economías de escala
570 millions of speakers

English

economies of scale
510 millions of speakers

Translator English - Hindi

बड़ी अर्थव्यवस्थाओं
380 millions of speakers
ar

Translator English - Arabic

وفورات الحجم
280 millions of speakers

Translator English - Russian

эффект масштаба
278 millions of speakers

Translator English - Portuguese

economias de escala
270 millions of speakers

Translator English - Bengali

অর্থনীতির মাত্রা
260 millions of speakers

Translator English - French

des économies d´échelle
220 millions of speakers

Translator English - Malay

Skala ekonomi
190 millions of speakers

Translator English - German

Skalen
180 millions of speakers

Translator English - Japanese

規模の経済
130 millions of speakers

Translator English - Korean

규모의 경제
85 millions of speakers

Translator English - Javanese

Ekonomi ukuran
85 millions of speakers
vi

Translator English - Vietnamese

quy mô kinh tế
80 millions of speakers

Translator English - Tamil

பொருளாதாரங்களின் அளவு
75 millions of speakers

Translator English - Marathi

प्रमाणात आर्थिक
75 millions of speakers

Translator English - Turkish

ölçek ekonomileri
70 millions of speakers

Translator English - Italian

economie di scala
65 millions of speakers

Translator English - Polish

korzyści skali
50 millions of speakers

Translator English - Ukrainian

ефект масштабу
40 millions of speakers

Translator English - Romanian

economii de scară
30 millions of speakers
el

Translator English - Greek

οικονομιών κλίμακας
15 millions of speakers
af

Translator English - Afrikaans

ekonomieë van skaal
14 millions of speakers
sv

Translator English - Swedish

stordriftsfördelar
10 millions of speakers
no

Translator English - Norwegian

stordriftsfordeler
5 millions of speakers

Trends of use of economies of scale

TRENDS

TENDENCIES OF USE OF THE TERM «ECONOMIES OF SCALE»

The term «economies of scale» is quite widely used and occupies the 47.418 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
78
/100
The map shown above gives the frequency of use of the term «economies of scale» in the different countries.
Principal search tendencies and common uses of economies of scale
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «economies of scale».

FREQUENCY OF USE OF THE TERM «ECONOMIES OF SCALE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «economies of scale» during the past 500 years. Its implementation is based on analysing how often the term «economies of scale» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about economies of scale

EXAMPLES

2 QUOTES WITH «ECONOMIES OF SCALE»

Famous quotes and sentences with the word economies of scale.
1
Gerald Chertavian
College today is an expensive option without a lot of economies of scale, right, when you go and live at a college. So you have a system that's increasing its cost base by probably five percent a year.
2
Jamie Dimon
Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.

10 ENGLISH BOOKS RELATING TO «ECONOMIES OF SCALE»

Discover the use of economies of scale in the following bibliographical selection. Books relating to economies of scale and brief extracts from same to provide context of its use in English literature.
1
Economies of Scale in Semiconductor Manufacturing
Master's Thesis from the year 2004 in the subject Business economics - Business Management, Corporate Governance, grade: gut, Donau-Universitat Krems, course: MBA Entrepreneurship, language: English, abstract: During my work for ...
Michael Leitner, 2013
2
Newspaper groups: economies of scale, tax laws, and merger ...
This report examines the economic causes of newspaper conglomeration. Once dominated by small, family-owned enterprises, today about 70 percent of all newspaper firms are subsidiaries of larger corporations.
James N. Dertouzos, Kenneth E. Thorpe, Rand Corporation, 1982
3
Economies of Scale, Transport Costs and Location: Studies in ...
Studies in Applied Regional Science Series George Norman. returns to scale. The model attempts to explain the location of new productive capacity, but the linearity assumptions are too simple for us to make valid statements about the ways in ...
George Norman, 1979
4
Principles of Economics
When long-run average total cost declines as output increases, there are said to be economies of scale. When long-run average total cost rises as output increases, there are said to be diseconomies of scale. When long-run aver- age total ...
N. Mankiw, 2008
5
Cost drivers and economies of scale in the automobile industry
This assignment aims at comparing and contrasting the driver of costs in the automotive industry, both in the short and the long run.
Matthias Arnold, 2006
6
Business Economics
Application 1: Economies of scale and scope in the automobile industry Table 6.6 Economies of scope in the US car industry in 1979 at the 10 per cent and 1 per cent output level Application 2: Economies of scale and scope in Flemish ...
Maria Moschandreas, 2000
7
International Encyclopedia of Hospitality Management
Economies of scale 183 efficiency and success. Firms with a lower cost structure can offer their goods and service at a more competitive price and thus ultimately improve their performance. Economies of scale became a leading philosophy in  ...
Abraham Pizam, 2010
8
International Economics
ECONOMIES OF SCALE AND COMPARATIVE ADVANTAGE For some goods, economies of scale may be a source of comparative advantage. Economies of scale (increasing returns to scale) exist when expansion of the scale of production ...
Robert Carbaugh, 2012
9
Economies of Scale in Consolidation: Size and Indiana School ...
Timothy Eugene Zimmer. minimum number of parameters required for estimation while imposing fewer arbitrary restrictions on producer behavior (Fuss et al., 1978; Diewert, 1971). The use of the translog to examine multiproduct firms with ...
Timothy Eugene Zimmer, 2007
10
Managerial Economics
∂TC/ TC ______ ∂Q / Q ∂TC____∂QQ___TC εC 8.6 Cost elasticity is related to economies of scale as follows: If Then Which Implies Percentage change in TC <Percentage change in Q, Percentage change in TC Percentage change in Q, ...
Mark Hirschey, 2008

10 NEWS ITEMS WHICH INCLUDE THE TERM «ECONOMIES OF SCALE»

Find out what the national and international press are talking about and how the term economies of scale is used in the context of the following news items.
1
Sponsored: RINA provides economies of scale to small operators
“The opportunity that RINA provides is it allows you to leverage economies of scale to get into a business that typically requires a significant ... «RCR Wireless News, Jul 15»
2
The Explosive Growth Of Community Solar Gardens In 2015
communitysolar1. SunShare looks to take advantage of economies of scale in order to drive down costs when setting up their programs. «ThinkProgress, Jul 15»
3
Technology outsourcing without giving away the farm
... its approach across clients or leverage their economies of scale by employing a pragmatic, easily scalable solution for smaller clients. «Pensions & Investments, Jul 15»
4
How Akon Lighting Africa is working to tackle energy access
... further — negotiating with suppliers, forming partnerships such as the one it has with Columbia University, and boosting economies of scale. «Devex, Jul 15»
5
Shale's slow but certain death
The economies of scale have yet to take effect in Europe. In the U.S., drilling costs $3-10 million per well, according to Drillinginfo. In Poland ... «Politico, Jul 15»
6
South Africa's Mining Industry Offers a Glimmer of Hope
... South Africa's mines can share power with nearby villages – while advancing economies of scale and third-party supplier integration. «Triple Pundit, Jul 15»
7
Why Corporate America Could Use More Competition
Several features of today's fastest-growing industries naturally generate just a few dominant players. One is economies of scale: It costs a lot to ... «Wall Street Journal, Jul 15»
8
FPL wants to add solar to Parrish plant
... to make it cost effective" by building large solar fields, such as what is proposed in Parrish, and relying on "economies of scale," Daly said. «Sarasota Herald-Tribune, Jul 15»
9
One Man's Trash
The more garbage is handled within the county system, the cheaper rates would be for everyone in the system, thanks to economies of scale. «Pacific Northwest Inlander, Jul 15»
10
Is bigger better?
... as have medical costs — and that economies of scale today make many expensive treatment options unaffordable for smaller hospitals. «Meriden Record-Journal, Jul 15»

REFERENCE
« EDUCALINGO. Economies of scale [online]. Available <https://educalingo.com/en/dic-en/economies-of-scale>. Apr 2024 ».
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