Sunday, February 5, 2012

It is ALL about "margin" baby ! A lot can be achieved at the MARGIN :)

"Marginal" :))) terms you should know:
  • Margin --->  the last (in terms of quantity, not of time) unit consumed or produced by a consumer or firm.
  • Marginal Cost
  • Marginal Cost pricing
  • Marginal Profit
  • marginal Trade
  • Marginal Benefit / Revenue
  • Marginal Analysis ---> stresses how people optimize
  • Marginal Change
  • Marginal Product
  • Marginalism
  • Marginal Advantage
  • Law of Equal Marginal Advantage ---> requires equivalent goods or similar resources to be allocated in equally advantageous ways at the margin. Failure to conform to this principle is inefficient.
  • Marginal Adjustments
  • Marginal of Preference
  • Marginal Propensity (to consume, import, save etc)
  • Marginal Rate (of substitution, transformation, of returns etc)
  • Marginal Strategy ---> A term that I just coined (or atleast I think, I did)
  • Marginal tax
  • Marginal Utility
  • Marginal Value Product ---> MVP (not to be confused with Minimum Viable Product)
  • Dumping margin
  • Injury margin
Useful link for Economics definitions:

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