TS Inter 1st year Economics Law of diminishing marginal utility (LAW OF D.M.U)

TS Inter 1st year Economics Law of diminishing marginal utility (LAW OF D.M.U) #shorts #economics

Law of Diminishing Marginal Utility - Definition, Concept, Explained with Examples.

CLASS 11 ECONOMICS
CH-2 CONSUMER EQUILIBRIUM
TOPIC: UTILITY ANALYSIS:- LAW OF DIMINISHING MARGINAL UTILITY

LECTURE BY SRCC GRADUATE II SANYAM BHAYANA II VIDYAM II BEST ECONOMICS TEACHER

CLASS 11 ECONOMICS
CH-2 CONSUMER EQUILIBRIUM
TOPIC: UTILITY ANALYSIS:- LAW OF DIMINISHING MARGINAL UTILITY

Understand the meaning of the most important Law of Economics which is Law of Diminishing Marginal Utility in just 1- Minute quick video

Law of Diminishing marginal utility also called as law of DMU says that as we consumer more and more units of any commodity the utility derived from each successive unit goes on declining.

This means when we start consuming something, In the starting we like that things but slowly and gradually we start to get bored from it and start loosing interest in it. That means the satisfaction from that thing starts decreasing.
This is explained with example in the easiest manner in this video.

Watch full video for best understanding and don't forget to like, share and subscribe to our channel for more such insightful videos. Also, leave your valuable feedback in the comment section and help us improve our future content.

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