Question

1)Define utility
2) metion the classification of wants

Answer 1

Answer:

utility is unifying angthing .......

Answer 2

1)Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. ... The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service.

2)We can classify wants into three broad categories in economics. These are Necessaries, Comforts, and Luxuries.