Margin: Concept, Importance and Roles | Economics

In this article we will discuss about:- 1. Meaning of Margin 2. Importance of the Concept of Margin 3. Special Role. Meaning of Margin: In economics, the concept of margin has a great impor­tance. The marginal unit of anything is the unit whose small addition or subtraction is under consideration. In the language of Mayers, “The marginal unit of any [...]