economies of scope

  

Definition

Reduction in long-run average and marginal costs, due to the production of similar or related goods or services where the output or provision of an item 'A' reduces the cost of item 'B.' See also economies of scale.

Use economies of scope in a sentence

  • You should try and break down the economies of scope and figure out what the best way to proceed is.

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  • We were looking into our economies of scope to see what was going on and what we needed to do to make business run smoother.

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  • You should try and break down the economies of scope and figure out what the best way to proceed is.

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