The axiom of diminishing marginal utility
The axiom of diminishing marginal utility
The marginal utility of a commodity diminishes as the consumer acquires larger quantities of it. This is the axiom of diminishing marginal utility.
The axiom of diminishing marginal utility
The marginal utility of a commodity diminishes as the consumer acquires larger quantities of it. This is the axiom of diminishing marginal utility.
What is inflation?? Inflation refers to the increase in the general price level of an economy over a period of time.A rise in the price leve...
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