Definition
Each additional unit of consumption brings less satisfaction than previous unit.
References:
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[[0 Inbox/Just Keep Buying]]❌ - Diminishing Marginal Utility - an overview | ScienceDirect Topics.)
202205202200 Diminishing Marginal Utility
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Just Keep Buying
The other alternative is to increase income. It is shown that increasing income does not incur increase of spending because of 202205202200 Diminishing Marginal Utility. As a result, it is important to grow your income.