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Explain time utility with an example. - Economic Applications

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प्रश्न

Explain time utility with an example.

संक्षेप में उत्तर

उत्तर

Utility can also be created by making some stock of goods at one time and by supplying the same at another time period. eg. Food Corporation of India creates time utility by creating a buffer stock of food grains in the harvesting season and releasing the same at a reasonable price in the lean season.

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