The meaning of ECONOMY OF SCALE is a reduction in the cost of producing something (such as a car or a unit of electricity) brought about especially by increased size of production facilities —usually used in plural.
Define economy of scale. economy of scale synonyms, economy of scale pronunciation, economy of scale translation, English dictionary definition of economy of scale. n. pl. economies of scale The decrease in unit cost of a product or service resulting fro
Define Minister of Economy. Minister of Economy synonyms, Minister of Economy pronunciation, Minister of Economy translation, English dictionary definition of Minister of Economy. n. pl. e·con·o·mies 1. a. Careful, thrifty management of resources, suc
Economy-size definition: larger in size and costing less per unit of measurement than a smaller size. See examples of ECONOMY-SIZE used in a sentence.
The meaning of ECONOMY COIL is a high-inductance coil shunted around series lamps to prevent an open circuit in case a lamp burns out.
Mass production createseconomies of scale. [=situations in which it costs less to produce something because you are producing a lot at one time] Using cheap materials proved to be afalse economy. [=it cost less at first but resulted in more money being spent later] ...
But the term is probably best ascribed to the French writer and economist, Antoine de Montchrestien. He wrote a book called "Traité de l'économie politique" in 1615, in which he examined the need for production and wealth to be distributed on an entirely larger scale—not in the househol...
For example, Jing and Sun [9] found that the digital economy can accelerate the formation of economies of scale and scope, thereby driving rapid economic growth. The digital economy can achieve high-quality economic development by increasing entrepreneurial activity. Zhang and Wang [6] found that...
countries should not base their economic policy on "generic entrepreneurship" if they desire to stimulate economic growth. The authors argue that focusing on programs that develop human capital, take advantage of economies of scale, and entice foreign capital are more effective in spurring economic ...
The meaning of ECONOMY is the structure or conditions of economic life in a country, area, or period; also : an economic system. How to use economy in a sentence.