Economics
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| show | An individual who makes the decision whether to buy goods or services
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| UTILITY | show 🗑
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| show | A product or service which commands a price, derives utility and is transferable
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| CHARACTERISTIC OF ECONOMIC GOODS | show 🗑
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| show | it must command a price
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| show | The good must provide the consumer with some feeling of satisfaction
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| TRANSFERABLE | show 🗑
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| MARGINAL UTILITY | show 🗑
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| THE LAW OF DIMINISHING MARGINAL UTILITY | show 🗑
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| show | The condition where there is no tendency to change
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| EQUI-MARGINAL UTILITY PRINCIPLE | show 🗑
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| ******FORMULA****** | show 🗑
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Created by:
jennifer.s
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