what is meant by utility?
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It is a measure of satisfaction an individual gets from the consumption of the commodities. In other words, it is a measurement of usefulness that a consumer obtains from any good. A utility is a measure of how much one enjoys a movie, favourite food, or other goods.
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1.the state of being useful, profitable, or beneficial.
2.an organization supplying the community with electricity, gas, water, or sewerage.
3.useful, especially through being able to perform several functions.
4.functional rather than attractive.
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