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Explain What Is Meant by the Term Utility

question 155

Essay

Explain what is meant by the term utility.What are the three basic kinds of production-based utility?


Definitions:

Exclusively

Restricted to only the subject mentioned, without the inclusion of others.

Professional Entertainer

An individual who performs for an audience in various media or live venues as a paid occupation.

Substantial Performance

A legal term indicating that enough of a contract has been fulfilled to warrant payment, even if minor details remain incomplete.

Contracted

Engaged or bound by an agreement or contract which specifies the terms and conditions of a relationship or transaction.

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