Utility is the measure of surplus lost by producers when taxes are introduced to the market. surplus lost by consumers when taxes are introduced to the market. the satisfaction all consumers should receive from consuming a good or service. the relative satisfaction, enjoyment, or contentment a person receives from consuming a good or service.

the satisfaction all consumers should receive from consuming a good or service

Explanation:

Utility is the satisfaction all consumers should receive from consuming a good or service.

This ultimately implies that, when consumers purchase a product or takes service from a service provider (business organization) they should get maximum value and satisfaction for the amount of money being spent.

For example, if a consumer buys an automobile, he should be satisfied with the use.

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.