economics

what is diamond water paradox?

Priyanka
14 जून
4 उत्तर

4 उत्तर

- PM
  
  Parul
- 07 जून
the diamond water paradox is that in which we compare between conspicuous and necessary goods
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- LC
  
  Lalit
- 30 मई
out of syllabus
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- HP
  
  Heena
- 04 मई
sorry I did'nt understand can u explain me?
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- Shivangee
- 29 सितम्बर
The paradox of value (also known as the diamond–water paradox) is the apparent contradiction that, althoughwater is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
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