diol m (plural diols) (organic chemistry) diol; Further reading âdiolâ in le TrÃ©sor de la langue franÃ§aise informatisÃ© (The Digitized Treasury of the French Language).
Noun. 1. law of diminishing returns-a law affirming that to continue after a certain level of performance has been reached will result in a decline in effectiveness. law of nature, law-a generalization that describes recurring facts or events in nature; the laws of thermodynamics. 1  Facebook.
Economies of scale is a long run concept and refers to reductions in unit cost as the size of a facility and the usage levels of other inputs increase. More simply put, when more goods can be produced on a larger scale with lower costs, economies of scale is said to be achieved. Law Of Diminishing Returns. The law of diminishing returns (also law of diminishing marginal returns or law of increasing relative cost) states that in all productive processes, adding more of one factor of production, while holding all others constant (ceteris paribus), will at some point yield lower per-unit returns.