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Definition of Law of diminishing returns
1. Noun. A law affirming that to continue after a certain level of performance has been reached will result in a decline in effectiveness.
Definition of Law of diminishing returns
1. Noun. The tendency for a continuing effort toward a particular goal to decline in effectiveness after a certain amount of success has been achieved. ¹
2. Noun. (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. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Law Of Diminishing Returns
Literary usage of Law of diminishing returns
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Catholic Encyclopedia: An International Work of Reference on the by Charles George Herbermann, Edward Aloysius Pace, Condé Bénoist Pallen, Thomas Joseph Shahan, John Joseph Wynne (1913)
"Now the "law of diminishing returns" is simply the phrase by which economists
describe the well-known fact that a man cannot go on indefinitely increasing ..."
2. The Distribution of Wealth by John Rogers Commons (1893)
"CHAPTER III DIMINISHING RETURNS AND RENT REFERENCES : The law of diminishing
returns has been ably criticised in the writings of Professor Patten. ..."
3. The Growth of Cities in the Nineteenth Century: A Study in Statistics by Adna Ferrin Weber (1899)
"Could it be known that the law of diminishing returns in agriculture would not
come in force again, there would be some certainty in predicting a ..."
4. The Growth of Cities in the Nineteenth Century: A Study in Statistics by Adna Ferrin Weber (1899)
"Could it be known that the law of diminishing returns in agriculture would not
come in force again, there would be some certainty in predicting a ..."
5. Principles of Economics: With Special Reference to American Conditions by Edwin Robert Anderson Seligman (1914)
"The Law of Diminishing Returns We h*ve thus far dealt with consumers' goods —
that is, articles of immediate consumption — and have seen that their value is ..."
6. Principles of Political Economy by Charles Gide (1903)
"The Law of Diminishing Returns As land and raw materials are limited in quantity,
the production in which they are the necessary factors also must be ..."
7. Population: A Study in Malthusianism by Warren Simpson Thompson (1915)
"If, on the other hand, there is good reason to believe that even now the law of
diminishing returns is operative in agriculture, the situation assumes a ..."
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