returns to scale meaning
ENWReturns to scale
- In economics, returns to scale and economies of scale are related but different terms that describe what happens as the scale of production increases in the long run,
- The laws of returns to scale are a set of three interrelated and sequential laws: Law of Increasing Returns to Scale, Law of Constant Returns to Scale, and Law of Diminishing returns to Scale.
- In mainstream microeconomics, the returns to scale faced by a firm are purely technologically imposed and are not influenced by economic decisions or by market conditions (i.e.
- NounPREré-
- (economics, idiomatic, plural only) a function describing how returns scale when production increases in the long run.
- (economics, idiomatic, plural only) a function describing how returns scale when production increases in the long run.
Definition of returns to scale in English Dictionary
- Part-of-Speech Hierarchy
- Nouns
- Pluralia tantum
- Pluralia tantum
- Nouns
Source: Wiktionary
Grammatically, this idiom "returns to scale" is a noun, more specifically, a pluralia tantum.