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Law of Diminishing Returns
An economic principle asserting that the application of additional units of any one input (labor, land, capital) to fixed amounts of the other inputs yields successively smaller increments in the output of a system of production. (Krippendorff )
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Dictionary of Cybernetics and Systems INDEX:List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1. |
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