Utility: Difference between revisions
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imported>Doug Williamson (Qualify quantification.) |
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An economic measure of satisfaction gained from consumption of goods or services | An economic measure of satisfaction gained from consumption of goods or services. | ||
Sometimes quantified in 'utils'. | |||
Revision as of 08:44, 5 June 2018
1.
An economic measure of satisfaction gained from consumption of goods or services.
Sometimes quantified in 'utils'.
2.
A firm providing necessity goods and services, such as water supplies.
