12th Economics: Paradox of Value Explained

Dive into the intriguing concept of the Paradox of Value in 12th Grade Economics. Why do essential goods like water have a low market value? This short explores the paradox, highlighting the difference between use-value and market value. Essential goods are crucial for survival, hence high in use-value, but their abundance leads to low marginal utility, making their market price low. Perfect for students and curious minds alike to understand complex economic theories in simple terms. Watch now to get a clear explanation of this fascinating topic!

Standard: 12th
Subject: ECONOMICS
Medium: English

Chapter: UTILITY ANALYSIS
Chapter Number: 2
Book Page: 8

Difficulty: hard

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