On the cost side, we depart from the earlier assumption of constant returns to scale.

Initially, we assume that there is only one basic factor, labour, with perfect competition and constant returns to scale in production.

Under the assumption of constant returns to scale, it is equal to the proportion of national income received in profits.

Therefore, overall there are constant returns to capital, and economies never reach a steady state.

Investors in fixed-income securities are typically looking for a constant and secure return on their investment.

If the coefficient is 1, then production is experiencing constant returns to scale.

It can be reconciled with neoclassical economics by assuming that production follows constant returns to scale.

The constant return to childhood, to the ravine, gives a glimpse of how people's minds really work.

If it is homogeneous of degree 1, it exhibits constant returns to scale.

For example, an investor earning a constant annual 7% return on their investment would find their capital doubling within 10 years.