Diminishing returns/Definition: Difference between revisions

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imported>Nick Gardner
(New page: The tendency for the output resulting from the employment of an addition unit of a factor of production to fall as the amount of that unit is increased '''when all other factors of produc...)
 
imported>John Dvorak
(No difference)

Revision as of 16:37, 22 May 2008

The tendency for the output resulting from the employment of an addition unit of a factor of production to fall as the amount of that unit is increased when all other factors of production are held constant (cf economies of scale).