Law Of Diminishing Returns in a sentence
Synonym: economic principle.
Meaning: An economic principle stating that adding more of one factor will yield less return.
(1) The concept of marginal product is closely related to the law of diminishing returns.
(2) The law of diminishing marginal product is a result of the law of diminishing returns.
(3) The law of diminishing returns explains how adding more resources can lead to less output.
(4) The law of diminishing returns, as explained by David Ricardo, is a fundamental concept in economics.
(5) The law of diminishing returns, proposed by David Ricardo, explains why additional inputs yield diminishing output.
(6) The law of diminishing returns suggests that as we increase the input of a factor of production, the output will eventually decrease.
(7) The law of diminishing returns is a fundamental concept in economics that explains how the marginal benefit of an additional unit of input decreases over time.
(8) The theoretical principle of the law of diminishing returns states that adding more of a factor of production will eventually lead to smaller increases in output.
(9) The law of diminishing returns is often used to explain why increasing the number of salespeople in a company may not always lead to proportional increases in sales.
(10) The law of diminishing returns is a principle that is often used to explain why increasing the number of employees in a company may not always lead to proportional increases in productivity.
(11) The law of diminishing returns is a principle that is often used to explain why increasing the number of features in a product may not always lead to proportional increases in customer satisfaction.
(12) The law of diminishing returns is a concept that is often used to explain why increasing the number of features in a software product may not always lead to proportional increases in user satisfaction.
(13) The law of diminishing returns is a concept that is often used to explain why increasing the number of customer service representatives may not always lead to proportional improvements in customer satisfaction.
Law Of Diminishing Returns meaning
The law of diminishing returns is a concept that is widely used in economics and business. It refers to the point at which the marginal benefit of adding an additional unit of input to a production process decreases, while the cost of producing that additional unit increases. In other words, the law of diminishing returns states that there is a limit to the amount of output that can be produced from a given amount of input. To use the phrase "law of diminishing returns" in a sentence, it is important to understand the context in which it is being used.
For example, one might say, "As we continue to add more workers to the production line, we are starting to see the law of diminishing returns kick in." This sentence implies that the company has reached a point where adding more workers is no longer resulting in a proportional increase in output. Another way to use the phrase might be, "The law of diminishing returns is a key concept in economics that helps us understand how to optimize production processes." This sentence provides a more general definition of the concept and highlights its importance in the field of economics. When using the phrase "law of diminishing returns," it is important to be clear about what is being referred to.
For example, one might say, "The law of diminishing returns applies to both labor and capital inputs in the production process." This sentence clarifies that the concept applies to both human and financial resources. In addition to using the phrase correctly in a sentence, it is also important to understand how to apply the concept in practice. One tip for doing so is to carefully monitor the marginal benefit and cost of each additional unit of input. This can help identify the point at which the law of diminishing returns begins to take effect. Another tip is to consider alternative production processes or inputs that may be more efficient.
For example, if adding more workers to a production line is no longer resulting in a proportional increase in output, it may be worth exploring other ways to optimize the process, such as investing in new technology or reorganizing the workflow.
Overall, the law of diminishing returns is a powerful concept that can help businesses and individuals optimize their production processes and resources. By understanding how to use the phrase correctly in a sentence and applying the concept in practice, it is possible to achieve greater efficiency and productivity.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word Law Of Diminishing Returns. They do not represent the opinions of TranslateEN.com.