Collector of Taxes and Diminishing returns: Difference between pages

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1. ''UK tax.'' 
The Law of diminishing returns is a theory describing the contribution to total production which is expected to result from the addition of extra units of one factor of production.


A person or office of Her Majesty's Revenue & Customs responsible for collecting tax raised by assessments.
According to the law of diminishing returns the contribution of the extra factors of production may rise at first, but after some point will always start to fall. So that ultimately the marginal returns from further extra factors of production will become smaller and smaller.
 
 
2. ''Tax - other jursdictions.''
 
More generally a person, office or department of any tax authority responsible for collecting tax.




== See also ==
== See also ==
* [[Assessment]]
* [[Marginal revenue]]
* [[His Majesty's Revenue & Customs]]
* [[Tax]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]

Latest revision as of 20:10, 29 June 2022

The Law of diminishing returns is a theory describing the contribution to total production which is expected to result from the addition of extra units of one factor of production.

According to the law of diminishing returns the contribution of the extra factors of production may rise at first, but after some point will always start to fall. So that ultimately the marginal returns from further extra factors of production will become smaller and smaller.


See also