_____ is defined as the attribute of an item that makes it capable of satisfying human wants.
A) Utility
B) Satisfaction
C) Fulfillment
D) Quality
E) Suitability

Question

Quizplus · Accepted Answer

Utility is the correct term that refers to the attribute of an item that enables it to satisfy human wants or needs. It is a fundamental concept in economics that explains how goods and services possess the ability to provide satisfaction to consumers.

_____ Is Defined as the Attribute of an Item That