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Diminishing Returns

Environmental Economics DictionaryEnvironmental Economics Dictionary
the principle that says as one input increases, with other inputs fixed, the resulting increase in output tends to be smaller and smaller As more and more of a productive resource is added to a given amount to other productive resources, additions to output will eventually diminish other factors, such as technology and the degree of specialization remaining constant.

 

Environmental Economics Dictionary INDEX:


List of Terms: Terms beginning with "A", Page 1

Starts With:  A B C D E F G H I J L M N O P Q R S T U V W
Page Number:  1

A: Page 1 of 1.

Abatement
Ability-to-Pay...Absolute Advan...
Abundance
Accelerator
Acid Rain
Acquired Endow...Adaptive Expec...Adverse Select...
Aggregate Dema...Aggregate Expe...Aggregate Supp...
Allocative Eff...Ambient Charge
Antitrust Laws
Aquifer
Assets
Assistance In ...
Asymmetric Inf...Average Costs
Average Produc...
Average Variab...

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