👉 Fleming's law, also known as "the law of diminishing returns", is a principle in economics that describes how the quantity of a good produced or consumed decreases with each additional unit. It states that if an amount of a product increases by one unit, another unit will decrease by half to maintain constant total consumption. In simpler terms, it means that if you increase the production of something, you have to reduce its cost to match the increased output, as well as the quality or utility of