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Commerce · Q184

Economics

Graduate and Post Graduate · Commerce · question 184

Q184

Utility is more closely related to the term

A.
Useful
B.
Useless
C.
Necessary
D.
Satisfaction
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Utility is more closely related to the term Satisfaction. The term was introduced initially as a measure of pleasure or satisfaction within the theory of utilitarianism by moral philosophers such as Jeremy Bentham and John Stuart Mill.