Difference between revisions of "Marginalism"
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| − | Marginalism is a term in economics signifying the study of the effects of small changes. Included in marginalism, for example, is the study of marginal utility, marginal cost, marginal productivity, and the laws of diminishing marginal utility and diminishing rates of substitution. [[Neo-classical economics]] began to focus on marginalism. | + | '''Marginalism''' is a term in economics signifying the study of the effects of small changes. Included in marginalism, for example, is the study of marginal utility, marginal cost, marginal productivity, and the laws of diminishing marginal utility and diminishing rates of substitution. [[Neo-classical economics]] began to focus on marginalism. |
| + | [[Category:Economics]] | ||
Latest revision as of 15:43, July 13, 2016
Marginalism is a term in economics signifying the study of the effects of small changes. Included in marginalism, for example, is the study of marginal utility, marginal cost, marginal productivity, and the laws of diminishing marginal utility and diminishing rates of substitution. Neo-classical economics began to focus on marginalism.