returns to scale meaning

WReturns 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.
  • Part-of-Speech Hierarchy
    1. Nouns
      • Pluralia tantum
    Source: Wiktionary

    Meaning of returns to scale for the defined word.

    Grammatically, this idiom "returns to scale" is a noun, more specifically, a pluralia tantum.
    Definiteness: Level 1
    Definite    ➨     Versatile