6 Apr 2018

Paradox

Finance feed by:

CA Sushil Modi
M.com,CA
CA in Job    •    17 Year 11 Month  experience

Paradox in economics is the situation where the variables fail to follow the generally laid principles and assumptions of the theory and behave in an opposite fashion.

Paradoxes are very common in economics. A few of them are Giffen's Paradox, Leontief's Paradox and Paradox of Thrift.

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