Why might the principle of diminishing returns to capital not always hold in reality? How can failures

Question:

Why might the principle of “diminishing returns” to capital not always hold in reality? How can “failures” of the principle explain the existence of poverty traps?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

The Economics Of Microfinance

ISBN: 978-0262513982

2nd Edition

Authors: Beatriz Armendariz ,jonathan Morduch

Question Posted: