law of diminishing returns (Meaning)
law of diminishing returns (n)
a law affirming that to continue after a certain level of performance has been reached will result in a decline in effectiveness
Synonyms & Antonyms of law of diminishing returns
No Synonyms and anytonyms found
law of diminishing returns Sentence Examples
- The law of diminishing returns explains how additional units of an input will yield decreasing marginal returns when other inputs are held constant.
- In agriculture, the law of diminishing returns states that as more fertilizer is added to a crop, the yield will eventually increase at a decreasing rate.
- In economics, the law of diminishing returns describes how the marginal benefit of a good or service decreases as more of it is consumed.
- The law of diminishing returns can be applied to many different situations, such as the production of goods, the consumption of goods, and the use of labor.
- The law of diminishing returns is an important concept for businesses to understand, as it can help them determine how much to invest in additional inputs.
- The law of diminishing returns also applies to the use of technology in production.
- As more technology is used, the marginal productivity of each additional unit of technology will eventually decrease.
- The law of diminishing returns is a fundamental concept in economics, and it has important implications for public policy.
- For example, the law of diminishing returns suggests that it may not be efficient to spend large amounts of money on public programs that provide diminishing benefits.
- The law of diminishing returns also demonstrates the importance of diversification in investment portfolios.
FAQs About the word law of diminishing returns
a law affirming that to continue after a certain level of performance has been reached will result in a decline in effectiveness
No synonyms found.
No antonyms found.
The law of diminishing returns explains how additional units of an input will yield decreasing marginal returns when other inputs are held constant.
In agriculture, the law of diminishing returns states that as more fertilizer is added to a crop, the yield will eventually increase at a decreasing rate.
In economics, the law of diminishing returns describes how the marginal benefit of a good or service decreases as more of it is consumed.
The law of diminishing returns can be applied to many different situations, such as the production of goods, the consumption of goods, and the use of labor.
