Dr Alfred Marshall has explained utility analysis of demand in his book “PRINCIPLES OF ECONOMICS” published in 1890. His study of demand is based on the marginal utility analysis. The demand for a commodity depends on the utility of that…
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ASPECT’S OF UTILITY
Tagged with: aspects of utility, features of utility, pecularities of utility, utility
Posted in General Economics
Posted in General Economics
UTILITY – ASPECTS OF UTILITY
Dr Alfred Marshall has explained utility analysis of demand in his book “PRINCIPLES OF ECONOMICS” published in 1890. His study of consumer’s demand, which depends on the utility or “the want satisfying capacity of a commodity”, is based on the…