Diminishing returns/Definition

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Revision as of 16:37, 22 May 2008 by imported>John Dvorak (Template:Def Diminishing returns moved to Diminishing returns/Definition: Moving_definition)
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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).