Social Sciences, asked by harmanpreet57, 8 months ago

Destruction of utility is called​

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Answered by sravya17
2

Explanation:

Consumption means using up of utilities. For example – when we take a glass of water to quench our thirst, we are said to consume water. Whenever we make use of any commodity or service for the satisfaction of our wants, the act is called consumption. ... Economists have defined consumption as “the destruction of utility”.

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