Marginalism: Marginalism is a field of economic research focusing on how individuals make decisions based on marginal changes, such as additional costs or benefits. Emerging in the late 19th century, it underpins modern microeconomics with concepts like marginal utility, marginal cost, and marginal productivity, emphasizing the role of incremental choices in determining prices, value, and resource allocation._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.
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