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Diminishing returns

In economics, diminishing returns means 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). The law of diminishing returns (also known as the law of diminishing marginal productivity) states that in…

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Diminishing returns

Nodes36
Edges35
Triples94
Avg. degree1.94
Density0.055556
Components1

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Diminishing returns

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related to history · 22
Diminishing returns → Adam Smith, Classical, David Ricardo, Diminishing, Edward West, England, In, Jacques Turgot, James Steuart, Johann Heinrich, Malthus, Napoleonic Wars, Neoclassical, Parliament, Ricardo, Robert Torrens, The, These, Thomas Malthus, Thomas Robert Malthus
see also · 20
Diminishing returns → Benefit, Collaborative, Concept, Cost, Economics, Formula, Growth, Hypothesis, Law, Marginal, Marxist, Mathematical, Microeconomic, Microeconomics, Overthinking, Poor, Relationship, Set-to-real, Unrecoverable, Weakly
related to Returns and costs · 11
Diminishing returns → Assume, Cost, If, In, One, Similarly, Suppose, That, There, This, Thus
related to Production function · 9
Diminishing returns → In, It, MP, NR, The, There, This, What, Which
related to Ceteris paribus · 6
Diminishing returns → If, In, Meaning, Part, While, With
related to Link with output elasticity · 4
Diminishing returns → Delta, Delta Out, Start, To
related to Examples · 2
Diminishing returns → Given, If
is a · 1
Diminishing returns → fundamental principle of both micro and macro economics and it plays a central role in production theory.The concept of diminishing returns can be explained by considering other…

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Important terminology

returns diminishing production output marginal increasing point process law inputs increase return would input growth economics productivity function cost decrease

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SubjectPredicateObjectConfidenceSrc
Diminishing returnsis afundamental principle of both micro and macro economics and it plays a central role in production theory.The concept of diminishing returns can be explained by considering other…0.90text
the concept of exponential growthinstance ofThe law of diminishing returns is a fundamental principle of both micro and macro economics and it plays a central role in production theory.The concept of diminishing returns c…0.80text
limited availability of resourcesinstance ofrather it is subject to different forms of constraints0.80text
capitalization which can cause economic stagnationinstance ofrather it is subject to different forms of constraints0.80text
resources will see the population growth stagnate at some pointinstance ofConstraints0.80text
begin to declineinstance ofConstraints0.80text
Johann Heinrich von Thüneninstance ofHistoryThe concept of diminishing returns can be traced back to the concerns of early economists0.80text
Jacques Turgotinstance ofHistoryThe concept of diminishing returns can be traced back to the concerns of early economists0.80text
Adam Smithinstance ofHistoryThe concept of diminishing returns can be traced back to the concerns of early economists0.80text
James Steuartinstance ofHistoryThe concept of diminishing returns can be traced back to the concerns of early economists0.80text
Thomas Robert Malthusinstance ofHistoryThe concept of diminishing returns can be traced back to the concerns of early economists0.80text
and David Ricardoinstance ofHistoryThe concept of diminishing returns can be traced back to the concerns of early economists0.80text

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