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The diamond-water paradox in economics is the statement that water, which is essential to all life is offered at a lower price but diamonds, which are not essential for all life, is offered at a much higher price. It is simply the statement that something that has more utility costs less than something with less utility that costs more.
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Classification of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
What is macroeconomics paradox?
The macroeconomic paradoxes are Wage-cut and Employment,Paradox of saving, Higher Taxation-Assures Economic Growth,Higher Wages lead to Reduction of Profit and Paradox of higher Wages.
What is the difference between MSc Economics and MA Economics?
what is difference between msc economics and ma economics
What is the Difference between economics and manegrial economics?
difference between economics and managerial economics
What has the author Mirella Visser written?
Mirella Visser has written: 'The female leadership paradox' -- subject(s): Promotions, BUSINESS & ECONOMICS / Skills, BUSINESS & ECONOMICS / Leadership, Vocational guidance, BUSINESS & ECONOMICS / Careers / General, Career development, Women executives, Leadership in women, BUSINESS & ECONOMICS / Organizational Behavior, Women
The diamond-water paradox arises because?
diamonds have a high value in exchange due to their scarcity, while water, despite being essential for life, is abundant. This paradox illustrates the difference between the concepts of value in use and value in exchange in economics.
What is the Tagalog word for paradox?
paradox = paradoha (however, the English word "paradox" is more common).
What part of speech is paradox?
"Paradox" is a noun.
What is a sentence using paradox?
fermi paradox is very confusing. We can not explain that Paradox.
What happens when you do a paradox inside a paradox that became a paradox inside two paradoxes?
You Become Barney
Where is the Montrose Rld - Paradox Branch in Paradox located?
The address of the Montrose Rld - Paradox Branch is: 21501 Six Mile Road, Paradox, 81429 1000
What is the Tagalog of paradox?
Tagalog translation of PARADOX: tama pala
What is the paradox in to his coy mistress?
does this mistress contain paradox?
What is true about paradox?
Its falsehood. Then it's a double-paradox.
Can a parable contain a paradox?
can a parable contain a paradox
How can you use paradox in a sentence?
Whole universe is nothing but a big paradox. Life is a paradox sherlock, Deal with it.
