Question

What Are the Limitations of the Law of Variable Proportion?

Answer 1

Limitations of the law of variable proportion are as follows:

1. New land for cultivation with the application of labor and capital will witness higher growth in the initial years. The marginal returns will be increasing instead of decreasing in the beginning.
2. An increase in the application of capital will also result in an increase in marginal returns instead of decreasing.
3. If improved methods of cultivation are applied on land then the marginal returns will increase instead of decreasing, this will be true for the initial few years.

Also read :

• Law of Variable Proportion
• The Law of Diminishing Marginal Product and the Law of Variable Proportions

Stay connected with BYJU’S website for more such interesting questions and answers.