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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.
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Synonyms for Economies of scale:

What are the hypernyms for Economies of scale?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

  • Other hypernyms:

    cost cutting, Cost Savings, cost reduction, increasing efficiency.

Famous quotes with Economies of scale

  • With new technologies of surveillance, economies of scale overcome problems of cost. Since all their electronic communications can be accessed, it is no longer necessary to segregate the inmates from one another. As there is no outside world, escape becomes unimaginable. Technological progress has brought into being a system of surveillance more far-reaching than any Bentham could have conceived. Enclosing the entire population in a virtual Panopticon might seem the ultimate invasion of freedom. But universal confinement need not be experienced as a privation. If they know nothing else, most are likely to accept it as normal. If the technology through which surveillance operates also provides continuous entertainment, they may soon find any other way of living intolerable.
    John Gray (philosopher)

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