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In economics, diminishing returns are the decrease in marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, holding all other factors of production equal (ceteris paribus).
Economists once believed that population growth would eventually expand to a point where the amount of goods produced per person would begin to decrease. In other words, the law of diminishing returns would eventually become a factor on a regional or global scale.
Das Ertragsgesetz im eigentlichen Sinn, auch klassisches Ertragsgesetz genannt, beschreibt eine Technologie, bei der durch Vermehrung eines Faktors ( c. p.) die Produktmenge zunächst überproportional, von einem gewissen Punkt an unterproportional zunimmt und schließlich absolut abnimmt.
28. Feb. 2024 · The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output. After some optimal level of capacity utilization, the...
29. Apr. 2024 · The Law of Diminishing Returns, also known as the principle of diminishing marginal returns, is a fundamental concept in economics that describes the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while all other factors of production ...
21. Juli 2021 · Definition: Law of diminishing marginal returns. At a certain point, employing an additional factor of production causes a relatively smaller increase in output. Diminishing returns occur in the short run when one factor is fixed (e.g. capital)
1. Jan. 2024 · The law of diminishing returns is one of the most famous laws in economics and it plays a central role in economic theory. It is said as first written by Anne Robert Jacques Turgot (1727–1781), an earlier advocate for economic liberalism, and further worked by Reverend Thomas Malthus (1766–1834), who applied it to agriculture ...
