law of increasing returns

law of increasing returns
Economics
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  • law of increasing returns — noun the observed fact that in some industries expenditure of labour or capital up to a certain point has the capacity to decrease the cost per unit of a commodity and thereby increase the corresponding returns …  

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  • Diminishing returns — Economics …   Wikipedia

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  • diminishing returns — diˌminishing reˈturns noun [plural] ECONOMICS 1. the idea that a point can be reached where the advantage or profit you are getting stops increasing in relation to the effort you are making: • By the mid 1990s, cost cutting and restructuring were …   Financial and business terms

  • diminishing returns — 1. any rate of profit, production, benefits, etc., that beyond a certain point fails to increase proportionately with added investment, effort, or skill. 2. Also called law of diminishing returns. Econ. the fact, often stated as a law or… …   Universalium

  • Verdoorn's Law — is named after Dutch economist, Jake Verdoorn. In economics, this law pertains to the relationship between the growth of output and the growth of productivity. According to the law, faster growth in output increases productivity due to increasing …   Wikipedia

  • tax law — Introduction       body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized as a right of governments.… …   Universalium

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