google bot detected Economies Of Scale | Real Estate Glossary | Realestateagent.com

Economies Of Scale


Definition of "Economies of scale"

Situation in which the average cost of construction declines as building size an volume is expanded. Some of the reasons are : increased specialization and division of labor, better use and specialization of labor, and use of more efficient or high-tech building equipment.



Related Real Estate Glossary terms

Related Real Estate FAQ