Introduction to Economics
July 10, 2020
Universal Basic Income
July 10, 2020This presentation covers the following concepts:
- Concept of Utility
- Features of Utility
- Cardinal & Ordinal Measurement of Utility
- Types of Economic Utility (Form, Place, Time, Possession, Knowledge)
- Total, Marginal & Average Utility
- Law of Diminishing Marginal Utility, Assumptions & Exceptions
