law of diminishing marginal utility

Noun

Meaning

law of diminishing marginal utility (plural laws of diminishing marginal utility)

(economics) In economics, the theory there is a general decrease in the utility of a product, as more units of it are consumed.

Source: en.wiktionary.org

Close letter words and terms

law of cosines law of definite proportions Law of Demeter law of diminishing returns law of double negation law of effect