Economy Of Scope

Business, Legal & Accounting Glossary

Definition: Economy Of Scope


Economy Of Scope


Full Definition of Economy Of Scope


The situation that arises when the cost of performing multiple business functions simultaneously proves more efficient than performing each business function independently.


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Economy Of Scope. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/economy-of-scope/.
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Economy Of Scope. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/economy-of-scope/ (accessed: March 28, 2024).
American Psychological Association (APA):
Economy Of Scope. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/economy-of-scope/

Definition Sources


Definitions for Economy Of Scope are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.