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Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services?
Wiki User
∙ 12y ago
The concept of utility.
Wiki User
∙ 12y ago
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Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
What Utility is the concept that economists use to measure the a person gets from the use or consumption of good and services?
Satisfaction
Economists use the concept of what to measure the satisfaction a person gets from the use or consumption of a good and services?
Utility
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
Economists use the concept of what to measure the satisfaction a person gets from the use or consumption of a good and services?
Utility
What Utility is the concept that economists use to measure the a person gets from the use or consumption of good and services?
Satisfaction
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
True or false Economists study the processes of the human mind?
False - economists are concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
Measurement of personal satisfaction of wants and needs gained from the use or consumption of goods and services.?
Its a Utility ~
What measurement of personal satisfaction of want and needs gained from the use or consumption of goods and services?
Its a Utility ~
What do economists use to measure the personal satisfaction someone gets from consuming goods and services?
Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.
What do you mean by consumption?
Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally, consumption is defined in part by comparison to production. But the precise definition can vary because different schools of economists define production quite differently. According to mainstream economists, only the final purchase of goods and services by individuals constitutes consumption, while other types of expenditure - in particular, fixed investment, intermediate consumption and government spending - are placed in separate categories. See consumer choice. Other economists define consumption much more broadly, as the aggregate of all economic activity that does not entail the design, production and marketing of goods and services (e.g. the selection, adoption, use, disposal and recycling of goods and services).
What economists talk about utility what does it refer to?
economic utility; refers to the level of economic relevance,significance or usefulness of a given type and degree of consumption and production towards a given economic end. An economic end can be: 1-profit maximization 2-well fare maximization etc economic utility can be increasing,decreasing or constant depending on its economic utility reaction.
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
