Try Our Apps
Dictionary.com

follow Dictionary.com

The Word of the Year is...

law of diminishing marginal utility

noun, Economics.
1.
the law that for a single consumer the marginal utility of a commodity diminishes for each additional unit of the commodity consumed.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2016.
Cite This Source

Word of the Day

Difficulty index for law of diminishing marginal utility

Few English speakers likely know this word

Word Value for law

6
7
Scrabble Words With Friends

Nearby words for law of diminishing marginal utility