Economic concept: Increase one production factor, such as the number of workers, for example, leaving other factors, such as machines and workspace, for example, as is, output will lessen as a ratio to the varied variable.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Economic concept: Increase one production factor, such as the number of workers, for example, leaving other factors, such as machines and workspace, for example, as is, output will lessen as a ratio to the varied variable.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.