What is another word for law of diminishing returns?

Pronunciation: [lˈɔː ɒv dɪmˈɪnɪʃɪŋ ɹɪtˈɜːnz] (IPA)

The law of diminishing returns, also known as the law of diminishing marginal productivity, is an economic concept that describes a situation where the additional input increases the production of a good or service but eventually reaches a point at which it no longer results in a proportional increase, instead, it barely generates additional output. Other phrases and expressions that can be used interchangeably with the law of diminishing returns include the principle of declining marginal returns, the law of diminishing marginal returns, the law of diminishing efficiency, and the law of diminishing performance. All these phrases pertain to the idea that there is a point of diminishing returns when the efficiency of the production process declines due to excessive input.

Synonyms for Law of diminishing returns:

What are the hypernyms for Law of diminishing returns?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Law of diminishing returns?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.
  • hyponyms for law of diminishing returns (as nouns)

Famous quotes with Law of diminishing returns

  • The law of diminishing returns is something I really believe in.
    Thomas Keller
  • Knowledge is the only instrument of production That is not subject to the law of diminishing returns.
    John Maurice Clark
  • The whole conflict thus boils down to a question of degree. We of the minority see a law of diminishing returns in progress; our opponents do not.
    Aldo Leopold
  • Once the major wants of mankind are satisfied by the machine processas Mr. J. A. Hobson again puts itin proportion as we add to mere variety a higher appreciation of those adaptations of matter which are due to human skill, which we call Art, we pass outside the limit of matter and are no longer slaves of roods and acres and a law of diminishing returns.a genuine standard, once the vital physical wants are satisfied, tends to change the plane of consumption and therefore to limitfurther mechanical enterprise.
    John A. Hobson

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Related questions:

  • What is the law of diminishing?
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