What is PRINCIPLE OF DECLINING MARGINAL BENEFIT?

The greater the level of activities that are undertaken in a specific period, the lower the yielded benefit, assuming that other factors are constant.

More On This Topic



Link to This Definition
Did you find this definition of PRINCIPLE OF DECLINING MARGINAL BENEFIT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary