What is the difference between Utility and satisfaction? – InterviewSolution

1.

What is the difference between Utility and satisfaction?

Answer»

Utility	Satisfaction
(i) Utility is measured before consumption.	(i) It is measured after consumption of a product.
(ii) It is the expected satisfaction.	(ii) It is the realized satisfaction.
(iii) It is the want satisfying power of a product.	(iii) It is the psychological feeling from the consumption of a product.

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