Saturday, September 29, 2018

Greatest learning in Economics



This is the first time I am learning economics.Before that I don't know why restaurants provide unlimited meals, new movies keeps coming every year, telecom service provider offer free sms at night and unlimited talk time at night, fashion industry keeps on changing design of clothes,jewellery. These all are due to the economics behind this and economists leverage on this. The rationale is the LAW OF DIMINISHING MARGINAL UTILITY.
This says that with increase in usage of the product our utility keeps on decreases with time. 

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