Decreasing-cost industry

Decreasing-cost industry,

Definition of Decreasing-cost industry:

  1. An industry in which production costs decrease as more businesses are started within the industry or get involved in the industry. Decreasing-cost industries tend to be those that depend on supplies or processes that benefit from economies of scale, resulting in lower supply or production costs as the number of firms in the industry increases.

Meaning of Decreasing-cost industry & Decreasing-cost industry Definition