Marginalism
id:
marginalism-213-481408
title:
Marginalism
text:
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. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water. Thus, while the water has greater total utility, the diamond has greater marginal utility. Although the central concept of marginalism is that of marginal utilit
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in economics
original url:
https://en.wikipedia.org/wiki/Marginalism
date created:
2003-05-04T17:21:56Z
date modified:
2024-09-12T06:15:50Z
main entity:
{"identifier":"Q910816","url":"https://www.wikidata.org/entity/Q910816"}
image:
fields total:
13
integrity:
15