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Question
What is utility?
One Line Answer
Solution
Utility means want satisfying power of a product.
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A Production
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RELATED QUESTIONS
Utilities are in the nature of
______ means want satisfying power of a product.
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| 2. | Time utility | fishing, mining |
| 3. | Wealth of nation | entrepreneur |
| 4. | Human capital | stored for future |
| 5. | Innovator | education, health |
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______ can be both customers of the producers and suppliers to the producers.
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What is place utility? Give example.
Point out the feature of form utility.
