diminishing returns[-is̸h iŋ]
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio.
Econ. the proportionately smaller increase in productivity observed after a certain point in the increase of capital, labor, etc.
Used by arrangement with John Wiley & Sons, Inc.
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A yield rate that after a certain point fails to increase proportionately to additional outlays of capital or investments of time and labor.
diminishing returns - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Successively smaller increases in output that result from adding additional units of input. Adding a third cashier to the checkout section of a store is likely to be less productive than was the addition of the second cashier. Adding a fourth cashier is likely to produce even smaller gains in revenue. Also called law of diminishing returns.