Questions

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

The SKOCH has conferred the ‘Best performing Social Sector Ministry’ award to “Ministry of Women and Child Development” as it has delivered the promises made and for its significant achievements and initiatives from the last 4 years. Smt. Maneka Sanjay Gandhi has received the award on behalf of the Ministry.