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Fantom [35]
3 years ago
14

What does the word utilities in business mean?​

Business
2 answers:
spayn [35]3 years ago
8 0

Answer:

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. ... The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service.

IN SIMPLE WORDS:

A utility is an important service such as water, electricity, or gas that is provided for everyone, and that everyone pays for. ... public utilities such as gas, electricity and phones.

<em><u>Please mark as brainliest if answer is right </u></em>

Have a great day, be safe and healthy  

Thank u  

XD  

zvonat [6]3 years ago
3 0

Answer

it means water gas or electricity

Explanation:

Utility has several meanings: In economics, it refers to the value for money that people derive from consuming a product or service. ... Value for money, in this context, means 'pleasure and satisfaction. In the world of business, it means a water, gas, or electricity company.

please give me brainliest

pleaseeee

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