In economics, the principle of '''diminishing returns to input''' posits that, [[''ceteris paribus'']], an increase in the quantity of a given [[input]] applied to the [[production]] of a good or service will ultimately yield less and less [[marginal product]] over time. | In economics, the principle of '''diminishing returns to input''' posits that, [[''ceteris paribus'']], an increase in the quantity of a given [[input]] applied to the [[production]] of a good or service will ultimately yield less and less [[marginal product]] over time. |