meaning of utility
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Explanation:
THE STATE OF BEING USEFUL , PROFITABLE OR BENEFICIAL.
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Answer: It is a measure of satisfaction an individual gets from the consumption of the commodities.
Explanation:
Utility is a measurement of usefulness that a consumer obtain from any good . A Utility is a measure of how much one enjoys a movie, favourite food, or other goods. The four types of economic utility are from, time, place and possession.
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