| 单词 | diminishing returns |
| 释义 | diminishing returns diminishing returns noun [pl.]
(Economics ) a situation where you gain less and less benefit or profit from sth, even though you spend more time or money on it: Our increased efforts were producing diminishing returns. The law of diminishing returns applies to physical products: at some point unit cost increases with volume. The firm reached a point of diminishing returns: it was spending a lot of money on technology to win an increasingly small number of contracts. Because of the law of diminishing returns, the benefits do not increase proportionally as the airport expands. |
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