Answer:
The law of diminishing marginal returns is a theory in economics that predicts that after some optimal level of capacity is reached, adding an additional factor of production will actually result in smaller increases in output.
For example, a factory employs workers to manufacture its products, and, at some point, the company operates at an optimal level. With all other production factors constant, adding additional workers beyond this optimal level will result in less efficient operations.
Explanation:
KEY TAKEAWAYS
The law of diminishing marginal returns states that adding an additional factor of production results in smaller increases in output.
After some optimal level of capacity utilization, the addition of any larger amounts of a factor of production will inevitably yield decreased per-unit incremental returns.
For example, if a factory employs workers to manufacture its products, at some point, the company will operate at an optimal level; with all other production factors constant, adding additional workers beyond this optimal level will result in less efficient operations.
I know for sure it’s Europe, don’t know about Asia but it’s Europe and Asia
Location affect the development because it provide the southern colonies wiTH the<em> perfect climate</em> to grow popular agricultural corps
Native american relation help the development because many of native American tribes a<em>greed to help</em> the colonist in their trade by supplying them with various agricultural product.
And the rise of economic condition<em> provide them with many labours f</em>rom various place that come into their territory.
Answer:
George Washington was the first President of the United States. Congress, during his administration, established the relevant laws concerning the various governmental matters that needed urgent attention. It is, however, safe to say that, his regime brought about innovations in the United States through the efficiency of Congress.
Congress enacted some laws that helped the federal government raise revenue and also laws that gave a lasting solution to the Whiskey Rebellion. These laws include the Tariff Act of 1789, and the excise tax respectively. Under Washington's administration, Congress enacted the Bank Bill of 1791 which brought about the First Bank in the United States. Congress also enacted the Coinage Act of 1792. The Act introduced the United States dollar, created the United States Mint, and maintained the coinage.
