Utility means
A). Power to satisfy a want
B). Usefulness
C). Willingness of a person
D). Harmfulness
Power to satisfy a want
Utility means power to satisfy a want. It is a quality possessed by a commodity or service to satisfy human wants. Utility can also be defined as value-in-use of a commodity because the satisfaction which we get from the consumption of a commodity is its value-in-use.
2. Question 14:When was India's first official census operation undertaken?
4. India is said to be in the second stage of the demographic
5. Question 3:How do infrastructure facilities boost production?
6. The largest contribution in India's National Income is from:
8. Which of the following is wrongly matched :
9. In India, the first bank of limited liability managed by Indians and founded in 1881 was :
10. The cost that a firm incurs in hiring or purchasing any factor of production is referred to as