Social Sciences, asked by rameshmalik258, 10 months ago

what do you understand by the word utility

Answers

Answered by js403730

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 MissAanvi

2

Answer:

utility means how much a resource can be used.

this determines its value

Explanation:

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