Based upon the theory that the more you produce of a good, the less that it costs for each additional unit, i. E., efficiency. Specifically, it is the reduction of the costs of production of goods due to increasing the size of the producing entity and the share of the total market for the good/product.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). economies of scale. Retrieved September 30, 2026, from http://smartdefine.org/economies_of_scale/definitions/1152715 |
| Chicago | Barry Goldsmith. 2010. "economies of scale" http://smartdefine.org/economies_of_scale/definitions/1152715 (accessed September 30, 2026). |
| Harvard | Barry Goldsmith 2010, economies of scale, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/economies_of_scale/definitions/1152715>. |
| MLA | Barry Goldsmith. "economies of scale" 21 October 2010. Web. 30 September 2026. <http://smartdefine.org/economies_of_scale/definitions/1152715> |