The law of diminishing returns applies to :
(A) All sectors
(B) Industrial sector
(C) Agricultural sector
(D) Service sector
Correct Answer : All sectors
The classical economists were of the opinion that – the law of diminishing returns applies only to agriculture and to some extractive industries, such as mining, fisheries urban land, etc.
....Read more
Useful Quotations for : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page
CurrentGK for
Current Affairs, Latest GK &
Employment News
Tags : General Awareness