Question

Give economic terms.
1) Want satisfying capacity of a commodity. ___________
2) Reward of capital._____________ 3) Graphical representation of demand schedule. ________
4) A statistical tool to measure changes in an economic variable over a period of time._____________
5) Purchase of goods and services by one country from another country. __________​

Answer 1

Answer:

Utility is measurement of the satisfaction derived from the consumption of a good or service. In other words, the wants satisfying capacity of goods or services is known as Utility.

Answer 2

Answer:

utility refers to a want to satisfy a pawer of a commodity.