Social Sciences and the Law

What fundamental element of the marginal theory is essential to modern economics?

Link to this answer

CloseClose

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/fundamental-element-marginal-theory-essential-modern-economics-248582.html" >What fundamental element of the marginal theory is essential to modern economics?</a>
E-mail this answer Link to this answer

Marginal theory is fundamental to modern economics, because it points out that both supply and demand have an impact on the price of a commodity.

Answer verified with
Get more facts and information about value . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: Why is modern economics dependent upon the marginal theory of value? Why is the marginal theory essential to modern economics? [ Hide these questions ]

Related research questions

Related research articles

See all results at HighBeam

HighBeam gives you access to newspaper, magazine, and trade journal articles plus press releases, facts, information, and biographies from thousands of sources.