declining marginal efficiency of capital

简明释义

资本边际效率递减理论

英英释义

例句

1.Investors should be aware of the declining marginal efficiency of capital when evaluating potential projects.

投资者在评估潜在项目时应注意资本的边际效率递减。

2.The firm experienced a declining marginal efficiency of capital after saturating its market with too much production.

在市场过度生产后，该公司经历了资本的边际效率递减。

3.As companies invest more in machinery, they often face the issue of declining marginal efficiency of capital, which means that each additional unit of investment yields less return.

随着公司在机械设备上的投资增加，他们通常会面临资本的边际效率递减的问题，这意味着每增加一个单位的投资所带来的回报会减少。

4.In economics classes, we often discuss the impact of declining marginal efficiency of capital on long-term growth.

在经济学课程中，我们经常讨论资本的边际效率递减对长期增长的影响。

5.The declining marginal efficiency of capital can lead firms to reconsider their investment strategies to maximize returns.

资本的边际效率递减可能会导致公司重新考虑其投资策略，以最大化回报。

作文

The concept of declining marginal efficiency of capital plays a crucial role in understanding investment decisions and economic growth. It refers to the phenomenon where, as more capital is added to production, the additional output generated from that capital tends to decrease. This idea is rooted in the principles of diminishing returns, which states that after a certain point, each additional unit of input will yield less and less additional output. To illustrate this concept, let’s consider a factory that produces widgets. Initially, when the factory has only a few machines, adding an additional machine significantly increases production. However, as more machines are added, the increase in output for each new machine becomes smaller. Eventually, the factory reaches a point where adding another machine may not lead to any substantial increase in widget production, indicating the declining marginal efficiency of capital.This principle is essential for businesses when making investment decisions. Companies must evaluate whether the capital they plan to invest will yield sufficient returns. If the declining marginal efficiency of capital sets in too early, it may not be worth investing further resources. This evaluation helps businesses allocate their resources more efficiently, ensuring that they do not over-invest in capital that does not provide adequate returns.Moreover, the declining marginal efficiency of capital has broader implications for the economy as a whole. When businesses collectively experience this decline, it can lead to slower economic growth. If companies are hesitant to invest due to diminishing returns, overall capital accumulation in the economy may stagnate. This stagnation can affect job creation, wage growth, and technological advancements, ultimately impacting the standard of living.Governments and policymakers must also consider the declining marginal efficiency of capital when designing economic policies. For instance, if an economy is heavily reliant on capital-intensive industries, policymakers might need to encourage innovation and diversification to counteract the effects of declining returns. By fostering an environment that promotes research and development, governments can help stimulate new ideas and technologies that enhance productivity, thus mitigating the impact of diminishing returns.In conclusion, understanding the declining marginal efficiency of capital is vital for businesses, economists, and policymakers alike. It highlights the importance of careful investment decisions and the need for strategies that promote sustained economic growth. As we navigate a rapidly changing economic landscape, recognizing and addressing the challenges posed by declining returns on capital will be essential for fostering innovation and ensuring long-term prosperity.

“资本边际效率递减”这一概念在理解投资决策和经济增长中起着至关重要的作用。它指的是随着生产中投入更多资本，所产生的额外产出往往会减少的现象。这个理念根植于收益递减的原则，即在某一点之后，每增加一个单位的投入所带来的额外产出会越来越少。为了说明这一概念，我们可以考虑一个生产小部件的工厂。最初，当工厂只有几台机器时，增加一台新机器会显著提高生产量。然而，随着更多机器的添加，每新增一台机器所增加的产出变得越来越少。最终，工厂达到一个点，增加另一台机器可能不会导致小部件生产的实质性增加，这表明了“资本边际效率递减”。这一原则对企业在做出投资决策时至关重要。公司必须评估他们计划投资的资本是否会带来足够的回报。如果“资本边际效率递减”过早出现，那么进一步投入资源可能就没有意义。这种评估帮助企业更有效地分配资源，确保他们不会在未能提供足够回报的资本上过度投资。此外，“资本边际效率递减”对整个经济也有更广泛的影响。当企业普遍经历这种下降时，可能会导致经济增长放缓。如果由于收益递减而使公司对投资持谨慎态度，整体经济中的资本积累可能会停滞。这种停滞可能会影响就业创造、工资增长和技术进步，最终影响生活水平。政府和政策制定者在设计经济政策时也必须考虑“资本边际效率递减”。例如，如果一个经济体严重依赖资本密集型产业，政策制定者可能需要鼓励创新和多样化，以对抗递减收益的影响。通过促进研究和开发的环境，政府可以帮助刺激新的想法和技术，从而提高生产力，从而减轻递减收益的影响。总之，理解“资本边际效率递减”对企业、经济学家和政策制定者都是至关重要的。它强调了谨慎投资决策的重要性，以及促进可持续经济增长的策略需求。在我们应对快速变化的经济环境时，认识并解决资本递减收益带来的挑战将是促进创新和确保长期繁荣的关键。