MARGINALISM

Study of marginal theories and relationships in economics. Economic behavior can be determined by analyzing demand fluctuations for basic commodities and services. The key focus is to know how much excessive use is gained from accumulated escalates the quantity of goods made and sold, among others, and how these measures are related to consumer’s choice and demand.

This covers marginal gain, marginal rates of substitution, marginal utility, and opportunity costs, to name a few, within the consumers who make rational choices in a market with known prices.