Question

question 12 of 17
somethings usefulness and the degree to which wants are satisfied is called:
select an answer from the options below.
a consumption
b distribution
c economic utility
d economic want

Explanation:

• Consumption refers to the act of using goods or services.
• Distribution is about the process of making goods available in the market.
• Economic want is a desire for goods or services that have monetary value.
• Economic utility specifically focuses on the usefulness and the degree to which wants are satisfied.

Answer:

C. economic utility