marginal productivity

English - Turkish

Definition of marginal productivity in English Turkish dictionary

(Ticaret) marjinal üretkenlik

Related Terms

marginal productivity of labor

(Ticaret) emeğin marjinal verimliliği

English - English

Definition of marginal productivity in English English dictionary

Related Terms

marginal productivity theory

In economics, the theory that firms will pay a productive agent only what he or she adds to the financial earnings of the firm. Developed by writers such as John Bates Clark and Philip Henry Wicksteed at the end of the 19th century, marginal productivity theory holds that it is unprofitable to buy, for example, a man-hour of labour if it costs more than it contributes to its buyer's income. The amount in excess of costs that a productive input yields is the value of its marginal product; the theory posits that every type of input should be paid the value of its marginal product

Hyphenation

mar·gin·al pro·duc·ti·vi·ty

Turkish pronunciation

märcınıl prōdıktîvıti

Pronunciation

/ˈmärʤənəl ˌprōdəkˈtəvətē/ /ˈmɑːrʤənəl ˌproʊdəkˈtɪvətiː/