In manufacturing, the more units being made the cheaper each unit costs to produce.

Economies of scale refers to the phenomenon where the average costs per unit of output decrease with the increase in the scale or magnitude of the output being produced by a firm. Similarly, the oppos [..]

A situation in which average costs per unit of good or service produced fall as volume rises. In reference to mergers, it is the savings achieved through the consolidation of operations and elimination of duplicate resources.

The savings derived from producing a large number of units-e.g., in a situation in which all inputs are doubled, output may be more than doubled.

The de-cline in per unit product costs as the absolute volume of production per period increases.

Increasing returns to scale.

The benefits that come from having large or very large operations.  In economics, the term means the reduction in a producer's average cost per unit that results from having large output compared [..]

Declining long-run average cost that occurs as a firm increases all inputs and expands its scale of production. This is graphically illustrated by a negatively-sloped long-run average cost curve and t [..]

lower per unit costs achieved by large-scale output. Two kinds:

Achieving lower average cost per unit through a larger scale of production.

Attempts to reduce costs by increasing the number of items produced and sold or reducing the number of competing institutions.

When running a growing business, it's important to understand the economies of scale definition and what it takes to achieve them.Think about a small business that sells a product and compare it [..]

savings made as a result of large-scale production, through buying in bulk, division of labour etc.

Savings made by buying or producing goods in large quantities (bulk)

A decrease in unit costs because of the volume.

Cost reductions or productivity efficiencies achieved through size-increase. The outcome is a decrease in the unit cost of production associated with increasing output.

Factors that cause the average cost of a commodity to fall as the scale of output increases. There are two main types: external economies of scale and internal economies of scale. A crucial part of Fo [..]

Theory that the more you produce of a good or service, the less it costs for each additional unit, i.e. efficiency.

The unit cost of an activity declines when the activity is extended (e.g., more units are produced).

Economies of scale refer to economic efficiencies that result from carrying out a process on a larger scale. Scale effects are possible because in most production operations fixed and variable costs a [..]

If all the inputs in a production process are increased and the output increases by proportionately more than the inputs were increased, economies of scale are being realized. There may also be diseco [..]

In comparing changes in average cost with increasing output, economies of scale exist if average cost decreases with increased output (also known as increasing returns to scale).

A condition achieved when costs are reduced due to operation or output at a higher volume. For services, there may be economies of scale in delivering to a larger number of customers, allowing fixed costs to be spread over a larger number.

Lower average total cost achieved as a result of higher output levels.

Benefits of mass production.

The reduction in cost per unit that results from increased production, achieved through operational efficiencies.

Achieving lower average cost per unit through a larger scale of production. This is achieved by spreading fixed cost over a greater amount of production.

Economies of scale is a concept for reducing a company's costs. As such, the aim is to reduce costs by increasing the number of units of a service or product. For example, the production costs drop if a company produces 100,000 tennis balls a day instead of 100.

Economies of scale exist where the industry exhibits decreasing average long run costs with size.

Declining long-run average cost that occurs as a firm increases all inputs and expands its scale of production. This is graphically illustrated by a negatively-sloped long-run average cost curve and t [..]

Usually one says there are economies of scale in production of cost per unit made declines with the number of units produced. It is a descriptive, quantitative term. One measure of the economies of sc [..]

See increasing returns to scale