What is another word for economies of scale?
Pronunciation: [ɪkˈɒnəmɪz ɒv skˈe͡ɪl] (IPA) 
Economies of scale refer to cost advantages that organizations enjoy due to production of goods in large quantities. Synonyms for economies of scale include cost advantages, bulk buying, mass production, scope economies, and large-scale efficiencies. Such synonyms are useful because they provide alternative ways for describing the efficiency advantages for large-scale production. Cost advantages intelligently enable businesses to lower their average production costs and reduce the overall cost of goods in an increasingly competitive market. To achieve economies of scale, businesses need to invest in technology, production facilities, and skilled labor to deliver quality products at a lower cost.
