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One of the Major Concept in Social Darwinism

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One of the major concept in social darwinism


Definitions:

Marginal Rate

The additional cost or benefit associated with a small unit change in a variable or activity.

Indifference Curve

A graph representing combinations of two goods that provide the consumer with the same level of satisfaction, illustrating preferences.

Constant

A value that does not change in mathematical expressions or economic models, acting as a fixed point of reference.

Diminishing

A principle indicating that as more of a good or service is consumed, the marginal benefit to the consumer decreases.

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