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A Vision Provides a Map - a Laid-Out Path to Follow

question 3

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A vision provides a map - a laid-out path to follow - that gives direction so followers know when they are on track and when they have slipped off course.


Definitions:

Satisfaction

In economics, often related to utility or the level of contentment derived from the consumption of goods and services.

Utility

A term in economics referring to the satisfaction or benefit derived by consuming a product or service.

Consumption

Refers to the use of goods and services by households.

Utils

An imaginary unit of measurement used in economics to represent the satisfaction or utility received from consuming goods and services.

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