Question

Distinguish between utility and satisfaction​

Answer 1

Explanation:

Utility is the power of satisfaction or the satisfying power of any good but satisfaction is the end of utility of a good, i.e., when a good that has satisfying power is consumed, that power of satisfaction ends in consumption.

Answer 2

Answer:

Utility means the state being useful,

Utility means the state being useful, profitable, or beneficial.

Where as,

Satisfaction means fulfilment of one's wishes, expectations, or needs, or the pleasure derived from this.