Definition of economy of scope in English:

economy of scope

phrase

  • A proportionate saving gained by producing two or more distinct goods, when the cost of doing so is less than that of producing each separately.

    • ‘This permits the researcher to then estimate whether production of these outputs is characterized by general or specific economies of scale or economies of scope.’
    • ‘Specifically, a model with a greater number of extension outputs might reveal the presence of economies of scope between extension and research that our model does not reveal.’
    • ‘There is a potential after the next election that we might get a change in cross-media laws, in which case Fairfax will have to be fairly nimble, and look to acquire other businesses that'll give it economies of scope.’
    • ‘Most empirical studies - which mainly refer to the United States - have also failed to find economies of scope in the banking industry.’
    • ‘To the extent that a pair of business lines shares economies of scope, standard economic theory suggests that they will be combined.’
    • ‘These problems seem to have been compounded by the lack of economies of scope for the drug.’
    • ‘They interpret the negative results for bidders to mean that any benefits from economies of scope in the acquisitions are totally reflected in the offering prices banks paid to target firms.’
    • ‘On the other hand, the Samsung network has a long way to go in order to create a significant advantage deriving from the economies of scope expected from such networking.’
    • ‘To determine the impact of economies of scope we constructed two measures of plant complexity.’