survivor principle

the idea that competition between firms of different sizes will lead to the survival of the most cost-efficient firms, i.e. those firms that are able to produce at a level of output at least equal to the ‘minimum efficient scale’ (‘mes’) of operations. (See ECONOMIES OF SCALE.) Firms operating at the ‘mes’ scale for a market will tend to increase their market share at the expense of less efficient firms that operate on a sub-optimal scale until the latter are driven out of business.

单词	survivor principle
释义	survivor principle survivor principle the idea that competition between firms of different sizes will lead to the survival of the most cost-efficient firms, i.e. those firms that are able to produce at a level of output at least equal to the ‘minimum efficient scale’ (‘mes’) of operations. (See ECONOMIES OF SCALE.) Firms operating at the ‘mes’ scale for a market will tend to increase their market share at the expense of less efficient firms that operate on a sub-optimal scale until the latter are driven out of business.
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