Law of Diminishing Marginal Utility || New Syllabus || Class 11 || Economics
Автор: Gurubaa
Загружено: 2021-07-16
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This video is all about the law related to Consumer Behavior in Economics taken from chapter 4 of grade 11 under NEB. This law was propounded by German economist Hermann Heinrich Gossen (1810 -1858). This law explains that the marginal utility derived from the commodity goes on diminishing if a consumer consumes a commodity continuously at a specific time. In this video, we have presented the short background to “law of Diminishing Marginal utility” alongside its Assumptions and Criticisms.
#lawofmarginalutility #economics #class11economics
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