See Also: Law of diminishing marginal utility(finance)
Marginal utility(finance)
marginal utility(encyclopedia)
Marginal utility(money)
Stalin, Joseph(encyclopedia)
Stalin organ(dictionary)
Stalin, Joseph(dictionary)
Law of diminishing returns(finance)
diminishing returns, law of(encyclopedia)
Diminishing Return(money)

Stalin, Joseph (oh) and Law of diminishing marginal utility (finance)


Stalin, Joseph (oh)



(1879-1953) a Russian politician, born in Georgia, who was leader of the former Soviet Union from the death of Lenin (1924) until his own death. Stalin was responsible for developing farming and industry in his country, and for successfully leading it in the war against Germany (1941-45), but most people now remember his great cruelty. Thousands of political opponents were killed or sent to prisons in Siberia, and Stalin's secret police made ordinary people live in fear.

Law of diminishing marginal utility (finance)


Additional units added to a consumer's stock of a commodity give progressively less satisfaction.