Utility
Understand the Problem
The question seems to be a simple term 'Utility', which lacks context and specific inquiry. It might be looking for definitions or principles related to utility in economics or another field.
Answer
A measure of satisfaction in economics
In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world.
Answer for screen readers
In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world.
More Information
In economics, utility quantifies the satisfaction or benefit derived from consuming a good or service, influencing choices and preferences.
Sources
- Utility - Wikipedia - en.wikipedia.org
AI-generated content may contain errors. Please verify critical information
Thank you for voting!
