Economics What’s the law of diminishing utility? February 6, 2026 by Myaya | Leave a Comment The law of diminishing utility is an economic principle that describes how the satisfaction or benefit derived from consuming additional units of a good or service decreases as consumption increases. This concept helps explain consumer behavior and decision-making in economics. What Is the Law of Diminishing Utility? The law of diminishing utility states that as […] Read more ยป