What is the meaning of Economies of scope?

Scope economies exist whenever the same investment can support multiple profitable activities less expensively in combination than separately.

Barry Goldsmith
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APABarry Goldsmith. (2010). economies of scope. Retrieved September 26, 2026, from http://smartdefine.org/economies_of_scope/definitions/1152716
ChicagoBarry Goldsmith. 2010. "economies of scope" http://smartdefine.org/economies_of_scope/definitions/1152716 (accessed September 26, 2026).
HarvardBarry Goldsmith 2010, economies of scope, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/economies_of_scope/definitions/1152716>.
MLABarry Goldsmith. "economies of scope" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/economies_of_scope/definitions/1152716>