Identify and State the Historical Significance of the Following

question 5

Short Answer

Identify and state the historical significance of the following:
-John Maynard Keynes

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Definitions:

Malthus

Refers to Thomas Malthus, an English economist and demographer known for his theory that population growth will outpace agricultural production, leading to widespread poverty.

Diminishing Marginal Returns

An economic principle stating that as more of a variable input is added to a fixed input, the additional output gained from each new unit of variable input will eventually decrease.

Marginal Product

The increase in output that results from using one more unit of a particular input, keeping other inputs constant.

Seminiferous Tubules

Narrow, coiled tubules within the testes where spermatogenesis, the process of sperm production, occurs.