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The increment of the commodity which he is only just induced to acquire (whether by... direct labor or by purchase) may be called its Marginal Increment; because he is on the margin of doubt whether it is worth his while to incur the outlay required to obtain it. And the benefit-giving power, or Utility, of that increment to him may be called the Marginal Utility of the commodity to him.
Over time, the Accumulation of small helpful or harmful behaviors and inputs produces huge results. According to Lean Thinking, by James P. Womack and Daniel T. Jones, Toyota’s approach is based on the Japanese concept of kaizen, which emphasizes the continual improvement of a system by eliminating muda (waste) via a lot of very small changes. Many small improvements produce huge results. Accumulation isn’t always positive. Think of what would happen to your body if you consumed nothing but fast food, candy bars, and soda for a decade. Eating a single candy bar isn’t a big deal, but eating hundreds of candy bars is. Fortunately, the opposite is true as well: small improvements in your diet, a little more exercise, and a little more sleep can have major effects on your health over time.
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The general theory of economic equilibrium was strengthened and made effective as an organon of thought by two powerful subsidiary conceptions — the Margin and Substitution. The notion of the Margin was extended beyond utility to describe the equilibrium point in given conditions of any economic factor which can be regarded as capable of small variations about a given value,or in its functional relation to a given value.
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