ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



0 vote

Utility means

Asked on by | Votes 0 | Views: 43 | Tags: general knowledge     | commerce     | economics     | Add Bounty

Utility means

A).  Power to satisfy a want

B).  Usefulness

C).  Willingness of a person

D).  Harmfulness


Share on Facebook      Share on Whatsapp       Share on Twitter




1 answers

0 vote
Answered by on | Votes 0 |

 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.

Join Telegram Group




Answer This Question

Name:
Email:
Answer :
Sum of (1+3)
Submit: