Margin (economics)

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In economics, a margin is a set of constraints conceptualised as a border.[1] A marginal change is the change associated with a relaxation or tightening of constraints — either change of the constraints, or a change in response to this change of the constraints.[1]

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  1. ^ a b Wicksteed, Philip Henry; The Common Sense of Political Economy (1910),] Bk I Ch 2 and elsewhere.