law of diminishing returns

Definition of law of diminishing returns

: a principle in economics: at any given stage of technological advance an increase in productive factors (as labor or capital) applied beyond a certain point fails to bring about a proportional increase in production

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

Learn More about law of diminishing returns

Share law of diminishing returns

Resources for law of diminishing returns

Statistics for law of diminishing returns

Look-up Popularity

Comments on law of diminishing returns

What made you want to look up law of diminishing returns? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to boil down or concentrate

Get Word of the Day daily email!

Test Your Vocabulary

Original Meanings Quiz

  • rembrandt-painting-a-young-scholar-and-his-tutor
  • Which of the following is the earliest known sense of the word awe?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!