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a situation in economics where the increase in output is proportionally less than the increase in inputs.
Meanings
a situation in economics where the increase in output is proportionally less than the increase in inputs.
As the factory expanded, it experienced decreasing returns due to inefficiencies.
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in agriculture, the point at which additional labor or capital results in a smaller increase in crop yield.
The farm reached a point of decreasing returns when more fertilizer did not significantly boost crop production.
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Last updated: 2025/01/11 11:51