The Law of Diminishing Returns: Theory and Applications: Understand the fundamentals of economic productivity
50minutes
The Law of Diminishing Returns: Theory and Applications: Understand the fundamentals of economic productivity
50minutes
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Understand the fundamentals of economic productivity
This book is a practical and accessible guide to understanding diminishing returns, providing you with the essential information and saving time.
In 50 minutes you will be able to:
- Understand the theory of diminishing returns and the effects caused by changes in the production process
- Analyze the recent interpretations and developments of the theory, and how they can be applied to the current economy
- Identify how you can use the theory to avoid diminishing returns in your production through constant innovation
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