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decreasing returns to scale

A property of a production function such that changing all inputs by the same proportion changes output less than in proportion. Example: a function homogeneous of degree less than one. Also called simplydecreasing returns. Not to be confused with diminishing returns, which refers to increasing some inputs while holding other inputs fixed. Contrasts with increasing returns and constant returns.

Related information about decreasing returns to scale:
  1. Returns to scale - Wikipedia, the free encyclopedia
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