what is principle of marginalism?
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Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
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➜Marginalism describes both an economical method of analysis and a theory of value. According to this theory, individuals make economic decisions "on the margin"; that is, value is determined by how much additional utility an extra unit of a good or service provides.
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