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How does money help in maximising utility? - Economics

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प्रश्न

How does money help in maximising utility?

संक्षेप में उत्तर

उत्तर

Money enables consumers to make payments for goods and services that meet their needs. It provides freedom of choice of consumption. On the basis of prices of various goods and services, consumers are able to allocate their income in such a way so that they can derive maximum utility from their consumption.

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