Posted by Riya Gupta 2 months, 1 week ago
The utility may be defined as the power of commodity or services which satisfy the human wants. It has nothing to do with usefulness or harmfulness but simply refers to wheather the goods & services satisfy human beings or not. In economics the goods whether they are useful or not posses utility which can satisfy human wants.
There are three types of utility:
Posted by Yasmin Khan 11 months, 1 week ago
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