economy of scale definition, economy of scale meaning | English dictionary

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economy of scale


      n     (Economics)   a fall in average costs resulting from an increase in the scale of production  
English Collins Dictionary - English Definition & Thesaurus  
      n   pl   , -mies  
1    careful management of resources to avoid unnecessary expenditure or waste; thrift  
2    a means or instance of this; saving  
3    sparing, restrained, or efficient use, esp. to achieve the maximum effect for the minimum effort  
economy of language     
a    the complex of human activities concerned with the production, distribution, and consumption of goods and services  
b    a particular type or branch of such production, distribution, and consumption  
a socialist economy      an agricultural economy  
5    the management of the resources, finances, income, and expenditure of a community, business enterprise, etc.  
a    a class of travel in aircraft, providing less luxurious accommodation than first class at a lower fare  
b    (as modifier)  
economy class     
7    modifier   offering or purporting to offer a larger quantity for a lower price  
economy pack     
8    the orderly interplay between the parts of a system or structure  
the economy of nature     
9      (Philosophy)   the principle that, of two competing theories, the one with less ontological presupposition is to be preferred  
10    Archaic   the management of household affairs; domestic economy  
     (C16: via Latin from Greek oikonomia domestic management, from oikos house + -nomia, from nemein to manage)  

black economy  
      n   that portion of the income of a nation that remains illegally undeclared either as a result of payment in kind or as a means of tax avoidance  
command economy  
      n   an economy in which business activities and the allocation of resources are determined by government order rather than market forces,   (Also called)    planned economy  
economy of scale  
      n     (Economics)   a fall in average costs resulting from an increase in the scale of production  
mixed economy  
      n   an economy in which some industries are privately owned and others are publicly owned or nationalized  
planned economy  
      n      another name for       command economy  
political economy  
      n      the former name for       economics       1  
principle of economy  
      n      the. another name for       Ockham's razor  
token economy  
      n   a type of psychotherapy in which the inmates of an institution are rewarded for good behaviour with tokens that can be exchanged for privileges  

English Collins Dictionary - English Definition & Thesaurus  



frugality, husbandry, parsimony, providence, prudence, restraint, retrenchment, saving, sparingness, thrift, thriftiness  

English Collins Dictionary - English synonyms & Thesaurus  

Collaborative Dictionary     English Definition
business linked to the Internet but also to traditional economy
unconventional monetary policy used by central banks to stimulate the national economy when conventional monetary policy has become ineffective.
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