A commodity that is not wanted cannot have
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A commodity that is not wanted cannot have VALUE or UTILITY.
In economics, commodities that satisfy human wants intensely have utility.
It is all related to how much a commodity is wanted.
A commodity may be considered useful but if it has not wanted or desired, it does not have utility.
For example- A person who is a vegetarian will have no utility for chicken.
In economics, commodities that satisfy human wants intensely have utility.
It is all related to how much a commodity is wanted.
A commodity may be considered useful but if it has not wanted or desired, it does not have utility.
For example- A person who is a vegetarian will have no utility for chicken.
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Explanation:
a a committee that is not wanted cannot have
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