Lancasterian Demand theory in Nepali/ Characteristics Demand theory in Nepali/Lancaster theory

Lancasterian Demand Theory published by Australian Economist Kelvin John Lancaster in 1966 AD in his paper ‘’ A new approach to consumer theory’’
In this theory he told that consumers take utility not from the actual contents of the basket but from the features of the product in it.

[@laxmanthapa4528]

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Very clear and simplest way you gave in this video to understand lancasterian demand theory

[@surakshasomai8565]

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[@maheshbisht-]

So nice of you