There Is a Famous Economics Saying That Argues "If Diminishing

question 17

Essay

There is a famous economics saying that argues "if diminishing marginal productivity never set in then the world could be fed from a flower pot." Explain what this means economically.

---

Definitions:

Empathy

The ability to understand and share the feelings of another, fostering a sense of compassion and connection.

Mutual Regulation

A concept in developmental psychology referring to the process by which an infant and a caregiver manage and synchronize their emotions, behaviors, and expectations to communicate effectively.

Temperament

The innate part of an individual’s personality, including aspects of mood, behavior tendencies, and emotional responses.

Extended Family

Multigenerational kinship network of parents, children, and other relatives, sometimes living together in an extended-family household.