Economics Dictionary of ArgumentsHome
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| Marginalism - Economics Dictionary of Arguments | |||
| Marginalism: Marginalism: marginalism in economics analyzes decision-making based on incremental changes in costs or benefits. It emphasizes the importance of marginal utility (additional satisfaction from consuming one more unit) and marginal costs in optimizing decisions. As a central element of modern economics, marginalism explains price formation, resource allocation, and consumer behavior by focusing on the effects of small adjustments. | |||
| Author | Item | More authors for concept | |
|---|---|---|---|
| Marginalism | Demand | Demand | |
| Marginalism | Supply | Supply | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-06-09 | |||
