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Luden [163]
3 years ago
10

Economists use the concept of ____________ to measure the satisfaction a person gets from the use or consumption of goods and se

rvices.
History
2 answers:
Natasha_Volkova [10]3 years ago
7 0

utility is the answer i have founded .

Orlov [11]3 years ago
3 0

  Economists use the concept of<u> Utility </u>to measure the satisfactions a person gets from the use or consumption of goods and services.

  It´s usage has evolved over time. At first the term was introduced by moral philosopher within the theory of utilitarianism as a way to measure pleasure or satisfaction. But the term has been readapted with the neoclassical economies as a utility function and represents the preference of a consumer over a choice set.

  I hope this answer help you.

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