1 janv. 1835 - Economic decisions are made based on marginal benefit rather than total benefit. For example, consumers are not choosing between all of the diamonds in the world versus all of the water in the world. Clearly, water is more essential to survival. They are choosing between one additional diamond versus one additional unit of water. This principle is known as marginal utility.
Ajouté au bande de temps:
Date:
1 janv. 1835
Maintenaint
~ Il y a 190 ans