First stated in the 18th century writings of Turgot, Malthus, and Ricardo, this economic principle describes a technologically determined relationship involving resource inputs and output.
First stated in the 18th century writings of Turgot, Malthus, and Ricardo, this economic principle describes a technologically determined relationship involving resource inputs and output. For ten points, identify this principle that states that over time, the incremental increase of output per added unit of input will begin decreasing.
First stated in the 18th century writings of Turgot, Malthus, and Ricardo, this economic principle describes a technologically determined relationship involving resource inputs and output.
Law of Diminishing Returns