Final answer:
Diminishing returns is an economic principle that states that as more resources are added to production, the additional benefit decreases.
Step-by-step explanation:
The concept of diminishing returns is an economic principle that states that as you add more resources or inputs to the production of a good or service, the additional benefit or output from each additional unit of input will start to decline. In other words, the more you add, the less you get out of it. For example, if a bakery hires one extra baker, it might see a significant increase in the number of cakes produced. However, if it hires five more bakers, the increase in production might not be as significant as before.