...This means that when the input of land as a production factor remains constant, the increase in the input of labor, another production factor, results in a diminishing return to production. Note that the law of diminishing returns is different from the law of diminishing returns to scale, which means that when all inputs are multiplied by a certain amount, production does not increase proportionally. Let us assume that there is an invariant return to scale, and that when all inputs are multiplied by a certain amount, production also increases proportionally. ... *Some of the terminology used to refer to "diminishing returns to scale" is listed below. Source | Heibonsha World Encyclopedia 2nd Edition | Information |
…このことは,生産要素としての土地の投入量が一定であるとき,いま一つの生産要素である労働投入を増加させても,生産の増加は逓減することを意味している。 なお収穫逓減の法則は,すべての投入量を一定倍にしたときに,生産量が比例的に増大しない状態を意味する規模に関する収穫逓減とは異なる。規模に関する収穫不変が仮定され,すべての投入物を一定倍したときに生産量も比例的に増大するとしよう。… ※「規模に関する収穫逓減」について言及している用語解説の一部を掲載しています。 出典|株式会社平凡社世界大百科事典 第2版について | 情報 |
>>: Invariant returns to scale
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