What is The satisfaction or pleasure one gets from consuming a good or service is?

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2026-02-17 03:15

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The satisfaction or pleasure one derives from consuming a good or service is known as "utility." It reflects the value or benefit that an individual perceives from the consumption experience, influencing their choices and preferences. Higher utility often leads to increased consumer satisfaction, driving demand for specific products or services. Ultimately, this concept is central to understanding consumer behavior in economics.

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