marginal

Vocabulary Word

Definition

'Marginal' refers to something that is minor, or not significant. It can also refer to something that is on the border or edge, not in the main or central part.

Examples in Different Contexts

In economics, the term 'marginal' is often used to describe the change in an outcome resulting from a one-unit change in a particular input. For instance, 'marginal cost' refers to the change in total cost resulting from producing one additional unit of a product.

Practice Scenarios

Impact

Scenario:

The reforestation project appears to be progressing slowly. Maybe we should consider some bold changes?

Response:

Yes, it feels like our efforts to reverse deforestation are only making a marginal difference in the grand scheme.

Tech

Scenario:

Our system is experiencing lags after installing the new updates. Do you think we should reconsider our approach?

Response:

Yes, I suggest we review the marginal benefits derived from the new updates.