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Legal Dictionary

law of diminishing returns

Legal Definition of law of diminishing returns

See also


Definition of law of diminishing returns

Noun

law of diminishing returns

  1. The tendency for a continuing effort toward a particular goal to decline in effectiveness after a certain amount of success has been achieved.
  2. (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.

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