Question

Which concept are most useful in my life as a voter on micro economic issues? Why?

Answer 1

Marginal benefit or marginal analysis is one concept that will be helpful as a voter and help you and decide whom to choose on the next election where the marginal benefit is something where you analyse what would be the additional benefit you gain from voting one particular person vs that of another and you should go for the person whom you have gained the maximum marginal benefit on the whole. This is the most important concept because you can actually monetise and understand what you actually gained and why you are choosing a particular person as your leader and this can be in terms of various policies, safety and growth of the country as well.