Question

What is utility?(a) profit,(b) want satisfying power of good or service ,(c) income,(d) satisfaction​

Answer 1

Answer:

The correct option is D

Satisfaction

Explanation:

• The utility is a word that is most commonly used in the field of economics for the complete satisfaction of a customer after using a good or service.
• The success of a product or service depends on the complete utility of a product.
• The utility of a product is very important as it directly affects the demand.