Economies
/ɪˈkɒnəmiːz/
Definitions
- (n.) Cost savings achieved due to increased efficiency, often recognized in contractual or commercial contexts.
The contract includes incentives for economies of scale in production.
- (n.) Systems or structures of wealth and resources within legal-economic frameworks, relevant to regulatory or property law.
The court considered the national economies affected by the regulatory changes.
Forms
- economy
Related terms
See also
Commentary
Typically used in plural to denote multiple types or sources of cost savings or economic systems; ensure clarity by specifying which sense applies in legal drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.