Geography, asked by vgshkmr, 1 month ago

What do you understand by the word 'utility'

Answers

Answered by pckamanna

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 jahnbikar85

1

Explanation:

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service.

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