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…
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…