State and Explain the Law of Constant Return
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Definition of law of constant return
Definition of law of constant return: a statement in economics: an increase of the scale of production in an industry gives a proportionate increase of return or the increase in area of land cultivated requires a proportionate increase in outlay for labor or materials.
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The law of constant proportion states that a given chemical compound always contains its component elements in fixed ratio and does not depends on its surface and method of preparation.
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