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Law of Diminishing Marginal Rate of Substitution | zea tutor | Economics lectures

 Micro Economics   

         Law of Diminishing Maginal Rate of Substitution            

Law of Diminishing Maginal Rate of Substitution | zea tutor | Economics lectures
Law of Diminishing Marginal Rate of Substitution | zea tutor | Economics lectures

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Law of Diminishing Marginal Rate of Substitution

Law of Diminishing Maginal Rate of Substitution

A consumer wishes to buy more goods and highly standard goods within his limited given income. For this purpose, he tries to substitute one good for other but the rate of exchange will consecutively decrease as he does so. This rate of substitution that will continuously decrease is known as law if diminishing marginal rate of substitution in economics.

قانون تقلیل مختتم شرح استبدال

ایک صارف اپنی محدود دی گئی آمدنی میں زیادہ  سے زیادہ اور  اعلیٰ معیاری اشیا خریدنا چاہتا ہے۔ اس مقصد کے لیے، وہ ایک  چیز کو دوسرے کے سا تھ بدلنے کی کوشش کرتا ہے لیکن اس کے ایسا کرنے پر شرح مبادلہ میں مسلسل کمی واقع ہوتی جائے گی۔ متبادل کی یہ شرح جو مسلسل کم ہوتی جائے گی اسے قانون تقلیل مختتم شرح استبدال کہا جاتا ہے ۔


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