ECONOMICS
OPPORTUNITY COST
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Detailed explanation-1: -adjective. If you describe something as marginal, you mean that it is small or not very important. This is a marginal improvement on October. Synonyms: insignificant, small, low, minor More Synonyms of marginal.
Detailed explanation-2: -Marginal, when used in economics, has a similar meaning to ‘additional’. Whenever a business, finance or economics text includes the term, it is usually referring to something that will be added to what was originally there.
Detailed explanation-3: -As defined by the Austrian School of economics the marginal use of a good or service is the specific use to which an agent would put a given increase, or the specific use of the good or service that would be abandoned in response to a given decrease.
Detailed explanation-4: -insignificant. minimal. minor. negligible. bordering. low. on the edge. peripheral. More items