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Distinguish Between: Utility and Usefulness - Economics

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प्रश्न

Distinguish between:

Utility and usefulness

फरक स्पष्ट करा

उत्तर

Utility
Usefulness
It is the want satisfying power of a commodity.
It is the benefit obtained from a commodity.
It signifies the level of satisfaction.
It indicates value in use of a commodity.
A commodity that possesses utility may not always be useful.
A commodity that is useful will always possess some utility.
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पाठ 2: Consumer's Behavior - Exercise 3 [पृष्ठ १७]

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मायकल वाझ Economics [English] 12 Standard HSC
पाठ 2 Consumer's Behavior
Exercise 3 | Q 1.1 | पृष्ठ १७

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