Define what is utility??
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heya mate GM
***Utility is an economic term introduced by Daniel Bernoulli referring 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 will directly influence the demand, and therefore price, of that good or service.
hope this helps ❤️❤️
***Utility is an economic term introduced by Daniel Bernoulli referring 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 will directly influence the demand, and therefore price, of that good or service.
hope this helps ❤️❤️
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the state of being usefull,profitable or benificial
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