History, asked by Anonymous, 4 months ago

What do you understand by ghe word utility ?.

Answers

Answered by usha66276
0

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.

Answered by Anonymous
2

Correct Question :

What do you understand by the word utility ?.

Required Answer -

If a substance can be used in anyway , it is said to have a utility .

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