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About: Economic satiation     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatEconomicTheories, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Cognition100023271yago:EconomicTheory105994935yago:Explanation105793000yago:HigherCognitiveProcess105770664yago:Process105701363yago:PsychologicalFeature100023100diseaseyago:Theory105989479yago:Thinking105770926yago:WikicatEconomicTheories New Facet based on Instances of this Class

The economic principle of satiation is the effect whereby the more of a good one possesses the less one is willing to give up to get more of it. This effect is caused by diminishing marginal utility, the effect whereby the consumer gains less utility per unit of a product the more units consumed.