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In this video, we explore the concept of marginalism in economics, which focuses on the behavior of individuals and firms when making decisions about resource allocation. We discuss the key principle of "marginal utility" and how it explains consumer behavior, emphasizing the importance of weighing the marginal benefits and costs associated with actions. Additionally, we delve into the history of marginalism and its emergence as a significant alternative to classical economic theory. Finally, we examine the real-world applications of marginalism and its role as a foundation for many modern economic models. Join us for a comprehensive exploration of the power of marginalism and its vital impact on economic decision-making. #Marginalism #EconomicTheory #MarginalUtility #ResourceAllocation #ConsumerBehavior #EconomicDecisionMaking #ClassicalEconomics #ModernEconomicModels #Economics #EconomicHistory #BehavioralEconomics #MarginalBenefits #MarginalCosts #DecisionMaking #Finance To promote your videos, you can use this website: https://veefly.com/?ref=theisolatedec.... You can support the channel by buying me a coffee here: https://www.buymeacoffee.com/marcozapien