returns to scale

(redirected from Advantage of size)

returns to scale

the relationship between OUTPUT of a product and the quantities of FACTOR INPUTS used to produce it in the LONG RUN. Where, for example, doubling the quantity of factor inputs used results in a doubling of output then constant returns to scale’ are experienced. Where ECONOMIES OF SCALE are present, a doubling of factor inputs results in a more than proportionate increase in output. By contrast, where DISECONOMIES OF SCALE are encountered, a doubling of factor inputs results in a less than proportionate increase in output.
References in periodicals archive ?
We are seeing increasing herd sizes for many existing organic dairies looking to take advantage of size efficiencies and price premiums.
Fund research through CoSLA and the Scottish Cities Alliance on the viability of new collection authorities able to take advantage of size and scale.
Extend the discussion with local authorities on how their duties are currently defined as Waste Disposal and Collection Authorities and fund research through CoSLA and the Scottish Cities Alliance on the viability of new collection authorities able to take advantage of size and scale, and better able to meet the resource needs of city-regions.
To be globally competitive, according to the SM group's Teresity Sy-Coson, firms need the advantage of size and ample financial resources to gain market share
Supercritical microfluidics combines the advantage of size reduction with the unique properties of supercritical fluids, opening new chemical possibilities, supercritical water and carbon dioxide.
And they have the advantage of size, experience and the Millennium factor.
Other-wise it's going to be an uphill battle as the competition has the advantage of size and scope.
Local offices mean that clients get the advantage of size while dealing with professionals who are in their region and are readily available.
Through this dichotomy, the Schumpeterian advantage of size in the research intensive industries is also tested.
To that strong service ethic we have been able to add the advantage of size.
There is tremendous benefit and potential in working together on a national level of business to gain the advantage of size and scope, to realize economies of scale, mutual support and competitive advantage," he said.