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In their attempt to follow tradition, the Tokugawa ruled through a coalition of daimyo and a council of elders called the
Scale
The size or level of activity of a project, business, or operation, which can significantly affect its efficiency, costs, and profitability.
Decreasing Returns
A principle where an increase in the amount of one factor of production, while other factors are held constant, results in a lower ratio of output per input.
Diminishing Returns
A principle stating that if one factor of production is increased while others are held constant, the incremental output will eventually decrease.
Scale
The size or level of something, often used to describe the scope of a business operation or production.
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