Social Sciences, asked by viswanadhm, 10 months ago

define utility and value

Answers

Answered by Anonymous
1

Answer:

Utility and value, in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts.

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Answered by shakiya88
3

Utility is a term in economics that refers to the total satisfaction received from consuming a good or servic. Value has to do with how much something is worth, either in terms of cash or importance.

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