economies

: The characteristics of a production process in which an increase in the scale of the firm causes a decrease in the long run average cost of each unit

economies of scope

Cost savings achieved by one company conducting business in two or more areas that would not be achieved by separate companies conducting business in each of those areas

economies of scale

The decrease in the marginal cost of production as a plant's scale of operations increases

economies of scale

A decrease in the per unit cost of production as a result of producing large numbers of the good

economies of scale

Savings achieved in the cost of production by larger enterprises because the cost of initial investment can be defrayed across a greater number of producing units

economies of scale

a situation in which long-run average total cost declines as the output of a firm increases (also called increasing returns to scale) (chapters 8 and 12)

economies of scale

Economies of scale occur when larger firms are able to lower their unit costs This may happen for a variety of reasons A larger firm may be able to buy in bulk, it may be able to organise production more efficiently, it may be able to raise capital cheaper and more efficiently All of these represent economies of scale

economies of scale

Reductions in cost which arise from the utilisation of larger sets of machinery and equipment

economies of scale

Economies of scale are the financial advantages that a company gains when it produces large quantities of products. Car firms are desperate to achieve economies of scale

economies of scale

Cost savings in production, purchasing or support functions realized by combining organizations and achieving higher volumes

economies of scale

Reductions in the cost of producing a unit of a product that occurs as the output increases

economies of scale

the larger the organization, the lower the cost per unit to reach the marketplace; at a certain size, diseconomies of scale can set in

economies of scale

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 diseconomies of scale which occur when an increase in all inputs brings about a less than proportionate increase in output

economies of scale

Economic principle that as the volume of production increases, the cost of producing each unit decreases

economies of scale

Situation by which the average per square foot cost of construction declines as building size and volume expands

economies of scale

The benefit that larger production volumes allow fixed costs to be spread over more units lowering the average unit costs and offering a competitive price and margin advantage Producing in large volume often generates economies of scale The per-unit cost of something goes down with volume because vendors charge less per unit for larger orders, and often production techniques and facilities cost less per unit as volume increases Fixed costs are spread over larger volume

economies of scale

Advantages realized when combining of loads or services results in decreased average long-run costs

economies of scale

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

economies of scale

A decrease in unit costs because of the volume

economies of scale

Efficiencies associated with larger-scale operations For example, it might cost a manufacturer $100 to manufacture one unit, $180 for two units, $240 for three units, and so on, such that the average cost per unit decreases as production volume increases

economies of scale

A situation in which a 1% increase in all inputs into production leads to more than a 1% increase in output

economies of scale

refers to a graph that features at the right bottom of FundScope's Mutual fund Summary Reports It shows the trend of each fund's MER compared to asset size If MER decreases as a result of asset growth, unitholders are considered to have benefited from economies of scale On the other hand, a stable or higher MER means that the fund company has reaped the full benefit of economies of scale and has not shared any of this benefit with investors

economies of scale

Unit cost reductions which result from increasing total output

economies of scale

Average costs decrease with increased size and distribution of product "Economies that arise from increasing the size of an operation; in the case of distance education, economies that arise from increasing the number of students " (See Inglis, Ling, & Joosten (1999) pp 44, 198 and Moore & Kearsley (1996) pp 73-74)

economies of scale

situations in which the long-run average costs of a firm decline as output increases (Folland et al , 1997) (S5, I) chinese | russian

economies of scale

reductions in unit costs arising from large-scale production

economies of scale

Effect on unit cost of producing large quantities In distance education the larger the number of users of a course or the larger the number of users of the system, the lower the cost for each person

economies of scale

Cost reductions or productivity efficiencies achieved through size-optimization in relation to operational circumstances For example, commodity freight rates usually decline as the volume of cargo tonnage shipped increases

economies of scope

Economies in which materials and processes employed in one product can be used to make other, related products

economies of scope

a situation where average total costs decline when different types of good are produced (chapter 8)

economies of scope

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

economies of scope

Decreases in average total cost made possible by increasing the number of different goods produced

economies of scope

Reductions in cost which arise from producing a number of different products together

economies of scope

Increased business that can be achieved by offering many products in one easy-to-reach location 564

economies of scope

the cost advantages for an established manufacturer to make related products

economies of scope

what exists when it is less expensive to produce two products together than it would be to produce each one separately

economies of scope

the situation that exists when it is less expensive to produce two products together than it would be to produce each one separately

economy

The method of divine government of the world

economy

The system of production and distribution and consumption. The overall measure of a currency system; as the national economy

tiger economies

plural form of tiger economy

economy

{n} management, frugality in expenditures

Economy

econ

America's economy is the largest in the world. - The United States's economy is the largest in the world.

The United States's economy is the largest in the world. - America's economy is the largest in the world.

economy

The human processes by which Nature's resources are converted into goods and services The Economy is the entirety of the systems, from basic infrastructure to information and invention, that make human Society possible

economy

The efficient and sparing use of the means available for the end proposed Using only the essentials for an intended effect

economy

Effective management of the resources of a community or system

economy

{i} management of resources (i.e. money, goods, etc.); thrift, careful spending

economy

A population's system of production, distribution, and consumption of resources

economy

If you make economies, you try to save money by not spending money on unnecessary things. They will make economies by hiring fewer part-time workers

economy

a system of producing, distributing, and consuming wealth (Webster's New World)

economy

Economy is the use of the minimum amount of money, time, or other resources needed to achieve something, so that nothing is wasted. improvements in the fuel economy of cars

economy

An economy is the system according to which the money, industry, and trade of a country or region are organized. Zimbabwe boasts Africa's most industrialised economy

economy

frugality in the expenditure of money or resources; "the Scots are famous for their economy"

economy

Originally, the "management of a household " More commonly today, the system of production, distribution, and consumption of goods and services in the larger scale

economy

the efficient use of resources; "economy of effort"

economy

The system or range of economic activity, such as production, distribution, and consumption in a country, region, or community that manages domestic affairs and resources

economy

The cheapest and slowest service from Royal Mail International for overseas bulk printed matter mail To some remote countries in the world, Economy can take up to 6 months

economy

an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents"

economy

Economy is one of the measures needed to determine value for money It concerns the cost of the inputs to an activity; the resources needed to deliver a service Typical measures will include money, time, people and quality See also Effectiveness, Efficiency, Value for Money

economy

The extent to which the cost of input resources is minimised

economy

A country's economy is the wealth that it gets from business and industry. The Japanese economy grew at an annual rate of more than 10 per cent

economy

The combined business and work done by a community When people are buying a lot and businesses are getting richer, the economy is said to be good At the time of Confederation, the fur trade, farming, logging, mining, shipbuilding and the railway industry all helped contribute to Canada's economy

economy

The organization of production and distribution of goods and services within a socioeconomic system

economy

The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy

economy

The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy

economy

careful use of money and other things, in order to avoid waste

economy

[n] The production, distribution, and consumption or use of material goods and services

economy

cheap to run; using minimal resources; representing good value for money

economy

such management as directly concerns wealth; as, political economy

economy

This category includes the entries dealing with the size, development, and management of productive resources, i e , land, labor, and capital

economy

an organized system for the production, distribution and consumption of goods

economy

size and growth of v environment, as an open system inside finite system

economy

An enterprise, consumer, and other agents engaged in the use, production, consumption, and trade of resources Economic behavior is defined by economic rules

economy

The ability of a system to deliver data of high information content at a low overall cost per item of data; economy does not, of course, contribute to "accuracy" but is an important determinant of the practical usefulness of a system or method

economy

The acquisition of the appropriate quality and quantity of financial, human and physical resources at appropriate times and at the lowest cost

economy

A country's industry, trade and finance

economy

the structure of economic life in a country, area, or period; specifically : an economic system

economy

n 1 The managing of money earned and spent in a home, business, country, etc 2 A careful managing of money, materials, etc so that there is not waste

economy

The collective focus of the study of money, currency and trade, and the efficient use of resources

economy

Frugal use of resources

economy

If you describe an attempt to save money as a false economy, you mean that you have not saved any money as you will have to spend a lot more later. A cheap bed can be a false economy. economy size/pack a product that is cheaper because you are buying a larger amount. free market economy command economy political economy

economy

Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony

economy

Economy is used to describe large packs of goods which are cheaper than normal sized packs. an economy pack containing 150 assorted screws

economy

Economy services such as travel are cheap and have no luxuries or extras. see economy class

economy

Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp

economy

System of production, distribution, and consumption of commodities

economy

Example of Car: Opel Corsa Hatchback, 4 Seats

economy

Genus: System Differentia: Of production, trade, and consumption

economy

the system of production and distribution and consumption

economy

The overall measure of a currency system; as the national economy

economy

an act of economizing; reduction in cost; "it was a small economy to walk to work every day"; "there was a saving of 50 cents" frugality in the expenditure of money or resources; "the Scots are famous for their economy" the efficient use of resources; "economy of effort" the system of production and distribution and consumption

economies