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What do you understand by law of diminishing production ?

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asked Apr 16, 2020 in Concept of Production by Suraj01 (56.2k points)

What do you understand by law of diminishing production ?

concept of production
class-12

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1 Answer

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answered Apr 16, 2020 by Radhika02 (65.1k points)
selected Apr 17, 2020 by Suraj01

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When in agricultural activity, the land is kept constant and the quantity of other inputs is increased, then the increased in production is less in proportion to the increase in quantity of inputs. This is the law of diminishing production.

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