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TeachMeFinance.com - explain Economies of size Economies of size The term 'Economies of size ' as it applies to the area of agriculture can be defined as ' The concept that the average cost of production per unit declines as the size of the operation grows. One reason farms have been growing in size is to make more economical use of machines capable of covering more ground with less labor, to capture economies of size. Larger sized farms can typically get volume discounts on such inputs as chemicals and seed'. Previous 5 Terms: Economic analysis Economic Research Service (ERS) Economic Simplified Boiling-Water Reactor (ESBWR) Economic Stabilization Program economics Next 5 Terms: Economy of scale ecophobia ecosystem ecosystem ecotone About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.