nonsatiation Definition
the assumption in economics that an individual's desire for a good or service is never completely satisfied.
Using nonsatiation: Examples
Take a moment to familiarize yourself with how "nonsatiation" can be used in various situations through the following examples!
Example
The theory of nonsatiation suggests that people always want more of a good or service.
Example
Nonsatiation is a key assumption in many economic models.
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Summary: nonsatiation in Brief
Nonsatiation [non-sey-shee-ey-shuhn] is an economic concept that assumes an individual's desire for a good or service is never completely satisfied. This theory is a key assumption in many economic models and suggests that people always want more of a good or service.
