🔤 Marginalism ✨
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URDU
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Roman Urdu:
Nazriya E Hashiya Afadiyat, Nazriya E Mahdoodiyat
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ENGLISH
📚noun
marginalism
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PRONUNCIATION
Standard: mɑːrdʒɪnəlɪzəm
Phonetic: mar-ji-nuh-liz-uhm
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DEFINITION
The Theory That Economic Value Or Satisfaction Is Determined By The Marginal Utility Of A Good Or Service.
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EXAMPLE SENTENCES
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
The concept of marginalism is fundamental to understanding consumer behavior and pricing strategies.
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SYNONYMS
economic theory utility theory
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