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Question
Distinguish between:
Utility and usefulness
Distinguish Between
Solution
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Utility
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Usefulness
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It is the want satisfying power of a commodity.
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It is the benefit obtained from a commodity.
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It signifies the level of satisfaction.
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It indicates value in use of a commodity.
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A commodity that possesses utility may not always be useful.
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A commodity that is useful will always possess some utility.
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