MARGINAL Meaning and
Definition
-
Marginal is an adjective that is commonly used to describe something that exists at or near the edge or boundary of something else. It generally denotes a position or quantity that is minimal, limited, or barely sufficient. When used in the context of economics or finance, it refers to the additional, incremental, or last unit of a particular product, input, or service.
In the realm of economics, marginal is frequently employed to discuss the cost or benefit resulting from producing or consuming one additional unit of a good or service. Marginal cost refers to the change in total cost due to producing an additional unit, while marginal benefit pertains to the change in total benefit resulting from consuming an extra unit. These concepts help to analyze decision-making processes and optimize resource allocation.
Furthermore, marginal can also describe something that is relatively insignificant, peripheral, or unimportant. For instance, marginal effects or changes are those that have minimal impact or influence. This term is frequently used in scientific research, statistical analysis, and policy evaluation to understand the incremental effects of certain factors or interventions on certain outcomes.
In summary, the term "marginal" generally refers to a position or quantity at the edge of something, the additional unit of a certain product or service in economics, or something that is relatively insignificant or peripheral to a larger context.
-
Relating to a border or edge.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
-
Pert. to or placed in the margin; placed upon or attached to the edge of anything.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for MARGINAL *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for MARGINAL
Etymology of MARGINAL
The word "marginal" originated from the Latin term "marginalis", which comes from the word "margo", meaning "edge" or "border". In the late 16th century, it was adopted into English as "marginal" with the same meaning of being on the edge or border of something. Over time, the word evolved to also denote the concept of being of lesser importance or significance, referring to things or ideas considered to be on the periphery or of secondary importance.
Similar spelling words for MARGINAL
- marginalize,
- marginalise,
- marroquin,
- Marcin,
- marking,
- Margene,
- margin call,
- Marciniak,
- marginality,
- margin,
- Marcinek,
- marcinko,
- marginally,
- markin.
Infographic
Add the infographic to your website:
