Words / E / Business

economies of scale

noun

B1CEFR level
40/100Rarity: uncommon
TechnicalRegister

The cost advantages a firm gains as its scale of production increases and fixed costs are spread more widely.

By consolidating three plants into one, we captured economies of scale that cut unit costs sharply.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

Get words like economies of scale on your lock screen, a few a day, with review that makes them stick.

Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
QR code that opens Lexfall on the App Store
On a computer?Scan with your iPhone camera.

More business words: Economics