Implementation of "Marginalism" in day to day life
Terasawa, Katsuaki L.
Gates, William R.
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Economics, and especially the theory of Marginalism, can be very useful in "day-to-day" life, but for many reasons people do not really use it. This work tries to explain the "economic way of thinking" basically by verbally explaining the main idea, by providing examples from day-to-day life with minimum needed mathematics, and exploring the most important steps in the decision-making process. Hopefully, this work will encourage people to adopt and use the economic way of thinking and, as a result, gain its benefits.
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