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| a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison. |
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
| diminishing returns | |
| —pl n | |
| 1. | progressively smaller rises in output resulting from the increased application of a variable input, such as labour, to a fixed quantity, as of capital or land |
| 2. | the increase in the average cost of production that may arise beyond a certain point as a result of increasing the overall scale of production |