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What is the definition of Nonutility? 🙋

👉 Nonutility refers to a concept in economics and social science that suggests that utility is not always equal to either of two extremes, such as pleasure or pain. Utility can be thought of as the overall value produced by an individual's actions, and it is often measured using monetary units. In contrast, nonutility theory argues that individuals have different preferences for goods and services, and that these preferences are not necessarily aligned with utility. Nonutility theory has been influential in shaping economic thinking and has influenced discussions on


nonutility

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