Geography, asked by sunrajkhosa08, 1 month ago

explain term utility

Answers

Answered by HiddenHive

Answer:

Utility is a term in economics that refers 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 directly influences the demand, and therefore price, of that good or service.

hope that helps ✌

Previous Question

Next Question

Similar questions

English, 29 days ago

prepare a virtual message on the dialogues. students should write answer on single blank page and upload it by taking photo. ) Read the following conversation between Ashna and Mr Singh Aoshua Melle, may I speak to Rangit, please? Mr Singh Ranam is getting ready for school. May I know who is speaking Aashine My name is Aashna I am Rangit classmate Mr Singh Hello Aashna I am Rangjet fother Is...

English, 29 days ago

answer this- Name,Place,Animal,Thing With letter J...

Biology, 29 days ago

what are the 4 types of protozoa write in 0ne by one...

English, 1 month ago

The students should keep away from the bad people.what is keep away in this sentence?