di·min·ish·ing returns (d -mn -shng)pl.n. A yield rate that after a certain point fails to increase proportionately to additional outlays of capital or investments of time and labor. |
diminishing returns
pl n Economics
1. (Economics) progressively smaller rises in output resulting from the increased application of a variable input, such as labour, to a fixed quantity, as of capital or land
2. (Economics) the increase in the average cost of production that may arise beyond a certain point as a result of increasing the overall scale of production
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
| ?Page tools | ||
|---|---|---|
|