Economies Of Scale

What is Economies Of Scale?

When cost of production per unit decreases, as production increases. The good effects of buying in bulk, up to a point.

We benefit from economies of scale at our timber plant.

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On The Hip

1. As in making a phone call, calling a friend. "Hit me on the hip" ;)..

Low Class

1. 1. A term referring to a lower socio-economic class. Lower than the middle rank of society. Of humble birth and origins. 2. Vulgar and ..

Vibalogist

1. The study of the vibe in a place or zone. You are vibalogist when you go to a club or party and scope out the vibe to see if it is gett..

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Economies Of Scale Edit Meaning