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Distinguish Between: Utility and Satisfaction - Economics

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प्रश्न

Distinguish between:

Utility and satisfaction

अंतर स्पष्ट करें

उत्तर

Utility
Satisfaction
It is the want satisfying power of a commodity.
It is the feeling of happiness derived by the consumer.
Utility is derived or obtained by a person.
Satisfaction is experienced by the person.
It is the anticipated level of satisfaction.
It is actually realised by the consumer.
It is the starting point of consumption.
It is the end result of consumption.
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अध्याय 2: Consumer's Behavior - Exercise 3 [पृष्ठ १७]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 2 Consumer's Behavior
Exercise 3 | Q 1.2 | पृष्ठ १७

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