Question

What is the difference between marginalism and incrementalism?
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Answer 1

Answer:

Maginalism :

Marginalism is the study of additional use gained from incremental increases in the number of goods created, sold, etc. and how they relate to demand and consumer choice. Some economists consider it a fuzzy area of economics because it cannot be measured.

Incrementalism :

Incrementalism is a method of working by adding to a project using many small incremental changes instead of a few (extensively planned) large jumps. Logical incrementalism implies that the steps in the process are sensible.