Economics Dictionary of ArgumentsHome | |||
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Marginal Return - Economics Dictionary of Arguments | |||
Marginal return: Marginal return, in economics, refers to the additional output gained by increasing one unit of input (like labor or capital) while keeping other inputs constant. It signifies the change in production efficiency or output resulting from incremental changes in resources. As input increases, marginal returns might diminish due to factors like diminishing productivity or resource constraints. See also Efficiency, Benefit, Utility theory, Marginal utility._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Physiocrats | Marginal Return | Physiocrats | |
Ed. Martin Schulz, access date 2024-03-29 |