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Complete Definition of "law of diminishing returns"

English

Noun
law of diminishing returns

  1. The tendency for a continuing effort toward a particular goal to decline in effectiveness after a certain amount of success has been achieved.
  2. economics A relationship between input and output, such that adding units of any one input (labour, capital etc.) to fixed amounts of the others will yield successively smaller increments of output.

Category:English nouns

vi:law of diminishing returns

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