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Economy Of Scale শব্দের বাংলা অর্থ: অর্থনৈতিক মাপকাঠী
Economy Of Scale Meaning In Bengali অর্থনৈতিক মাপকাঠী
Economy Of Scale
Definition
1) Economy of scale refers to the cost advantages that a business can achieve by increasing the scale of production or operation. This usually translates to lower average costs as the volume of production increases.
2) Economies of scale exist when the average cost per unit of production decreases as the scale of production increases. This can be due to factors such as spreading fixed costs over a larger output, bulk purchasing discounts, or increased efficiency in production processes.
3) Economy of scale can also refer to the concept of increased efficiency and productivity that comes from specialization and division of labor in larger organizations or industries. This efficiency gains from economies of scale can lead to increased competitiveness and higher profits.
Examples
Economy Of Scale Example in a sentence
1) The company was able to reduce production costs by leveraging economy of scale.
2) Large chains like Walmart benefit from economy of scale by purchasing in bulk.
3) The assembly line allowed for greater economy of scale in car manufacturing.
4) By consolidating operations, the organization achieved economy of scale.
5) The company expanded its facilities to take advantage of economy of scale.
6) A key strategy for the business was to focus on achieving economy of scale.
7) By streamlining operations, the company improved its economy of scale.
8) The industry leader dominated the market due to its superior economy of scale.
9) The new technology helped the business achieve economy of scale in its production processes.
10) The partnership with suppliers was essential in maintaining economy of scale.
Part of Speech
Economy Of Scale (Noun)
Synonyms
Encyclopedia
Economy of scale refers to the cost advantages that a business can achieve by increasing the scale of production or operation. This usually translates to lower average costs as the volume of production increases.
Economies of scale exist when the average cost per unit of production decreases as the scale of production increases. This can be due to factors such as spreading fixed costs over a larger output, bulk purchasing discounts, or increased efficiency in production processes.
Economy of scale can also refer to the concept of increased efficiency and productivity that comes from specialization and division of labor in larger organizations or industries. This efficiency gains from economies of scale can lead to increased competitiveness and higher profits.
