Definify.com

Definition 2024


law_of_diminishing_returns

law of diminishing returns

English

Noun

law of diminishing returns (uncountable)

  1. The tendency for a continuing effort toward a particular goal to decline in effectiveness after a certain amount of success has been achieved.
  2. (economics) A relationship between input and output, such that adding units of any one input (labour, capital etc.) to fixed amounts of the others will yield successively smaller increments of output.