internal economies of scale


A measure of how efficient a company is at making its products that the business has the ability to manage directly. Internal economies of scale are related to the shift in average production costs for a business as it boosts its overall product output and the average cost per unit falls until maximum efficiency is attained.

Related Videos

Popular 'Industries, Manufacturing, & Technology' Terms

Have a question about this term? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z