One of the fundamental principles of economics is that “returns eventually diminish”. Explain what this means and show how it applies to consumption, production, and at least one other
area (unrelated to consumption or production).

Answer rating: 100% (QA)

Solution It is true that the diminishing returns is one of the fundamental principles of the economics Returns is something the result and output of any action Diminishing means that it goes on decrea... View the full answer