According to economists,the satisfaction people get from their consumption activities is called

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Utility is the term used by economists to describe the level of satisfaction or happiness that people derive from their consumption activities. Demand refers to the willingness and ability of consumers to purchase goods or services at a given price. Needs and wants describe the desires or requirements that people have, but do not necessarily directly relate to satisfaction or utility.

According to Economists,the Satisfaction People Get from Their Consumption Activities