diminishing returns to scale

Definitions

Economics

  • See decreasing returns to scale, which is the preferred term in order to distinguish it from diminishing returns to a single factor when at least one other is held fixed.
  • plural noun a situation in which further inputs are made but output does not rise proportionately

Health Economics

  • (written as Diminishing Returns to Scale)
    A feature of production functions. A production function exhibits diminishing returns to scale if increasing all inputs in the same proportion increases outputs by a smaller proportion.
  • synonymDecreasing Returns to Scale
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