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diminishing returns, law of |
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diminishing returns, law ofIn economics, the principle that additional application of one factor of production, such as an extra machine or employee, at first results in rapidly increasing output but eventually yields declining returns, unless other factors are modified to sustain the increase. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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