Economics GCSE
Utility
What Utility means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Utility
The satisfaction or benefit derived from consuming a good or service.
Topics that use Utility
- Economic assumptions (Pearson Edexcel GCSE)
Related terms
Using Utility in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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