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TeachMeFinance.com - explain Economy of scale Economy of scale The term 'Economy of scale' as it applies to the area of energy can be defined as ' The principle that larger production facilities have lower unit costs than smaller facilities'. Previous 5 Terms: Economic Research Service (ERS) Economic Simplified Boiling-Water Reactor (ESBWR) Economic Stabilization Program economics Economies of size Next 5 Terms: ecophobia ecosystem ecosystem ecotone ECP About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.