Hindi, asked by prashantpanoriya, 14 days ago

What do you mean by utility???

Explan in brief ​

Answers

Answered by MrsMuffin
10

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. ... In practice, a consumer's utility is impossible to measure and quantify.

Answered by Anonymous
2

Answer:

hope it helps

Explanation:

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

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