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Social Science Categories
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| Definition Of: |
Diminishing Returns
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.
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Environmental Economics Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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