What is meant by utility
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Posted by Manish Sahu 3 years, 5 months ago
- 2 answers
Yogita Ingle 3 years, 5 months ago
Utility Definition – 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. It varies with the amount of desire.
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Neeraj Singh 3 years, 5 months ago
0Thank You