Marginal utility essays & examples
What makes diamonds more pricey than normal water
An article by a certain M. Venkatesh eligible “The diamond-water paradox” (http://www. blonnet. com) is really an interesting article on the nature of scarcity as being a central theme in any debate on economics. The diamond-water paradox, which in turn posits typical question of why diamond jewelry are more expensive than water due to the […]