declining returns to scale
Definition
Production process with diseconomies of scale: the output of the process either increases in progressively smaller increments, or decreases simultaneously and in step with increase in inputs. A plant with a declining returns-to-scale is inefficient in producing batches larger than a certain (optimum) size. Also called decreasing returns to scale. See also economies of scale and constant returns to scale.
declining returns to scale is in the Economics, Politics, & Society subject.
declining returns to scale appears in the definition of the following term: constant returns to scale
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