noun
economies of scope; economics of diversification
Economics term referring to cost advantages from producing a variety of products rather than specializing. Often contrasted with 規模の経済 (economies of scale).
多角化の経済は、複数の事業を展開する企業にとって重要な概念だ。
Economies of scope are an important concept for companies that operate multiple businesses.
この合併は多角化の経済を追求したものだ。
This merger was pursued for economies of scope.
Economies of scale: cost advantages from producing more of the same product. 多角化の経済 is about variety, not volume.
Compound of 多角化 (diversification) + の (possessive particle) + 経済 (economy/economics). A direct translation of the English term 'economies of scope'.