The law of diminishing marginal utility has been put forward by Dr Alfred Marshall in his book “ Principles of economics ” published in 1890. According to him , utility is “the want satisfying capacity of a commodity” that diminishes…
The law of diminishing marginal utility has been put forward by Dr Alfred Marshall in his book “ Principles of economics ” published in 1890. According to him , utility is “the want satisfying capacity of a commodity” that diminishes…