In economics, the pleasure, happiness, or satisfaction received from a product is called _______?

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In economics, the pleasure, happiness, or satisfaction received from a product is called _______? Answer: Utility

In economics, the pleasure, happiness, or satisfaction received from a product is called utility. This concept represents the value or benefit a consumer derives from consuming a good or service, and it is a central idea in understanding consumer behavior and decision-making.

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This question is part of 📚 General Knowledge within the broader 🌐 Current Affairs & GK subject and appears in the SPSC – Sindh Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.