law of diminishing returnslaw of diminishing returns
The tendency for a continuing application of effort or skill toward a particular project or goal to decline in effectiveness after a certain level of result has been achieved.
- The tendency for a continuing effort toward a particular goal to decline in effectiveness after a certain amount of success has been achieved.
- (economics) A relationship between input and output, such that adding units of any one input (labour, capital etc.) to fixed amounts of the others will yield successively smaller increments of output.