Economy, asked by sid9161, 6 months ago

Distinguish between the following.
1) Utility & Satisfaction

Answers

Answered by Anonymous

Answer:

Utility is different from satisfaction- While utility refers to the want satisfying capacity of a commodity, satisfaction is an expression of the feeling of happiness. Moreover, utility is the anticipated level of satisfaction, while satisfaction is actually realised by the consumer.

Explanation:

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Answered by shafeeqmnm

utility is different from satisfaction by utility refers to the want satisfying capacity of a commodity satisfaction is an expression of the feeling of happiness moreover utility is the anticipated level of satisfaction while satisfaction is actually realise by the consumer

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