मराठी

How does utility differ from pleasure, usefulness, and satisfaction in economics?

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प्रश्न

How does utility differ from pleasure, usefulness, and satisfaction in economics?

पर्याय

  • Utility and pleasure always mean the same

  • Only utility determines demand, not satisfaction

  • Usefulness is always greater than utility

  • Utility has its own economic meaning distinct from the others

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उत्तर

Utility has its own economic meaning distinct from the others

Explanation:

In economics, utility has a specific meaning,want-satisfying power,which differs from pleasure, usefulness, and satisfaction.

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