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With the help of an example, explain the process of creation of form utility. - Economic Applications

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Question

With the help of an example, explain the process of creation of form utility.

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Solution

When utility in goods is created by changing their form or shape, it is called form utility. Example: Wood is table by a carpenter, the tailor converts cloth into garment, the flour mill changes wheat into flour, and so on.

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Meaning of Production Mechanism
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Chapter 4: Factors of Production - QUESTIONS [Page 114]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 4 Factors of Production
QUESTIONS | Q 2. | Page 114
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