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Technology Categories
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| Definition Of: |
Economy of Scale
Relative saving realized when the size of a plant, enterprise, etc., is increased. For example, lower production cost of an automobile due to production of a large number of cars of the same type is due to economy of scale. There may also exist a DISECONOMY OF SCALE where the increased size contributes to an increase in unit cost.
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Dictionary of Cybernetics and Systems INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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