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Economists use the concept of ____________ to measure the satisfaction a person gets from the use or consumption of goods and services.

User Jochem
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utility is the answer i have founded .

User Paul Hanbury
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Economists use the concept of Utility to measure the satisfactions a person gets from the use or consumption of goods and services.

It´s usage has evolved over time. At first the term was introduced by moral philosopher within the theory of utilitarianism as a way to measure pleasure or satisfaction. But the term has been readapted with the neoclassical economies as a utility function and represents the preference of a consumer over a choice set.

I hope this answer help you.

User Jessevl
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