Enotes World - CONCEPT OF UTILITY --------------------------------- Utility, in economics, refers to the usefulness or enjoyment a consumer can get from a service or good. The economic utility can decline as the
Law of Equi-Marginal Utility - Law of Substitution - Law of Maximum Satisfaction - Law of Indifference - Proportion Rule - Gossen's Second Law - Definition and Statement - Formula - Example -
![Meaning It is the second important law of the utility analysis. This la was first propounded by Gossen. It is known as “Gossen's Second Law” This law. - ppt download Meaning It is the second important law of the utility analysis. This la was first propounded by Gossen. It is known as “Gossen's Second Law” This law. - ppt download](https://images.slideplayer.com/26/8784831/slides/slide_2.jpg)
Meaning It is the second important law of the utility analysis. This la was first propounded by Gossen. It is known as “Gossen's Second Law” This law. - ppt download
![Utility | Meaning Of Utility | Features Of Utility | Utility Theory | Cardinal Utility | Utility - YouTube Utility | Meaning Of Utility | Features Of Utility | Utility Theory | Cardinal Utility | Utility - YouTube](https://i.ytimg.com/vi/orFOtVLE0CU/sddefault.jpg)