The principle that, in any production function, as the input of one factor rises holding other factors fixed, the marginal product of that factor must eventually decline.
Related information about Law of Diminishing Returns:
- Diminishing returns - Wikipedia, the free encyclopedia
The law of diminishing returns (also law of diminishing marginal returns or law of increasing relative cost) states that in all productive processes, adding more of ...
- Diminishing returns, law of: A Glossary of Political Economy Terms ...
A simple example of the workings of the law of diminishing returns comes from gardening. A particular twenty by twenty garden plot will produce a certain ...
- law of diminishing returns - The Free Dictionary
The tendency for a continuing application of effort or skill toward a particular project or goal to decline in effectiveness after a certain level of result has been ...
- What is law of diminishing returns? definition and meaning
Definition of law of diminishing returns: A concept in economics that if one factor of production (number of workers, for example) is increased while other factors ...
- Law of Diminishing Marginal Returns Definition | Investopedia
A law of economics stating that, as the number of new employees increases, the marginal product of an additional employee will at some point be less than the ...
- law of diminishing returns: Definition from Answers.com
law of diminishing returns n. The tendency for a continuing application of effort or skill toward a particular project o.
- Law of Diminishing Returns - YouTube
Jan 27, 2010 ... Economics Video The Law of Diminishing Returns.wmvby parischickakt2,354 views · The Law of Diminishing Returns (Glenn Campbell ...
- What is law of diminishing returns? - Definition from WhatIs.com
Law of diminishing returns: as more investment is made, overall return on that investment increases at a declining rate.