Marginalist School

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• School of Lausanne — The School of Lausanne is a neoclassical school of thought in economics founded at the University of Lausanne by two of its Professors: Léon Walras and Vilfredo Pareto. It is associated with the development of general equilibrium theory as well… …   Wikipedia

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• Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… …   Wikipedia

• interest — /in teuhr ist, trist/, n. 1. the feeling of a person whose attention, concern, or curiosity is particularly engaged by something: She has a great interest in the poetry of Donne. 2. something that concerns, involves, draws the attention of, or… …   Universalium

• Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

• Marginalism — Economics …   Wikipedia

• Léon Walras — Lausanne school Léon Walras Born December 16, 1834(1834 12 16) Évreux, Upper Normandy …   Wikipedia

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• economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… …   Universalium

• wage and salary — ▪ economics Introduction       income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …   Universalium