Which term is used by economists to measure the satisfaction a person gets from the use or consumption of goods and services?

The correct answer to the following question will be "Utility".

Explanation:

This is a way of measuring the happiness an individual achieves from commodity production. In several other words, a consumers get from every good is a test of just the effectiveness. It's a measure of how much a show, favorite food, or other things you love.

Therefore, Utility is the right answer.