What do you understand by the word 'utility'
Answers
Answered by
1
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
1
Explanation:
Utility is a term in economics that refers to the total satisfaction received from consuming a good or service.
Similar questions