Examlex
Compare and contrast Durkheim's two types of social solidarity societies. Provide real life examples of a place that fits each type (city, town, etc.) and why it fits that type.
Total Utility
The total satisfaction received from consuming a particular quantity of a good or service.
Diminishing Marginal Utility
The decrease in satisfaction or usefulness obtained from each additional unit of consumption.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, due to the availability of more desirable substitutes.
Diminishing Marginal Utility
The principle that as a person consumes more of a good, the satisfaction gained from consuming an additional unit decreases.
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