Economy, asked by ppriyat10, 1 month ago

Define utility..





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Answers

Answered by RealSweetie
1

Answer:

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. ... The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service.

Answered by keshavraj0980
1

Answer:

the state of being useful, profitable, or beneficial.

Explanation:

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