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Law of Diminishing Marginal Utility

Law of Diminishing Marginal Utility

Q – quantity of good
TU – total utility
MU – marginal utility (ΔTU)

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Macroeconomic Unemployment Explained

Could the bee ever be unemployed? While many of us surely don’t appreciate it from a personal perspective, unemployment is unavoidable in any economy. However, it is not necessarily harmful. In a healthy economy, a certain degree of unemployment indicated as a percentage reflects the fact that there constantly are job seekers and employers voluntarily running after better opportunities for their own good.

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EconGuru Economics Guide

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