law of diminishing returns

ریشه

The term 'diminishing' comes from the Latin word 'diminuere', meaning 'to lessen'. The law of diminishing returns was first described by the British economist David Ricardo in the early 19th century.

مثال

• The law of diminishing returns explains why hiring more workers may initially increase productivity, but eventually leads to smaller gains.
• In agriculture, the law of diminishing returns states that adding more fertilizer to a field will eventually result in smaller increases in crop yield.
• Understanding the law of diminishing returns is important for optimizing production processes.