Quizzes for review
Economics students discussed the diamond-water paradox during the seminar on value and utility.
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Economics students discussed the diamond-water paradox during the seminar on value and utility.
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Related words
diamond-water paradox
Proper noun
Japanese Meaning
水が日常的に極めて有用でありながら、実際の市場価格ではダイヤモンドのほうが高価であるという、一見矛盾している状況を指す。 / 水は生活に不可欠であるにも関わらず、希少性や限定的な用途からダイヤモンドが高値で取引される現象を表す概念。
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