Social Sciences, asked by kbhugar, 1 year ago

difference between Utility and satisfication in pointwise

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Answered by hasinatajwala
0

UTILITY
•In economics, utility is a measure of relative satisfaction.
•In other words, it is a term referring to the total satisfaction received by a consumer from consuming a good or service. 
•utility stands for usefulness/helpfulness 

SATISFACTION
•The fulfilment or gratification of a desire, need, or appetite. 
•Pleasure or contentment derived from such gratification. 
•satisfaction is pleasure, happiness or contentment. 
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