For Economists The Word Utility Means - The utility is an economist's way of measuring pleasure or happiness with a product, service, or labor. Web the concept of utility in economics essentially measures the usefulness or value of something. Web updated on january 31, 2019.
Web updated on january 31, 2019. Web the concept of utility in economics essentially measures the usefulness or value of something. The utility is an economist's way of measuring pleasure or happiness with a product, service, or labor.