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Meaning and definition of utility

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Meaning and definition of utility

Posted by Amit Lodhi 2 years, 3 months ago

MP Board > Class 12 > Economics

2 answers

Nia Gupta 1 year, 5 months ago

Utility means human want satisfying characteristic of a good or services

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Rudra Sharma 1 year, 5 months ago

Utility refers to the satisfying power of a commodity or we can say nature of a good or service which satisfy human need is called utility. Utility veries from person to person, place to place and time to time.

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