The non-material activities which have the ability to satisfy human want indirectly are called
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Answer:
Producers Goods or Goods of the Second Order.
Explanation:
They satisfy our wants only indirectly, because they produce goods which in turn satisfy our wants directly.
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The non-material activities which have the ability to satisfy human want indirectly are called Utilities.
Explanation:
- A person's level of satisfaction from consuming goods is measured by their utility. It is a measurement of the utility a consumer derives from any good, in other words.
- A utility is a way to quantify how much a person appreciates a particular movie, dish, or product. In economics, the term "utility" describes the overall enjoyment or gain from consuming a good or service.
- It is a common assumption in economic theories of rational choice that customers will attempt to maximise their utility. Form utility, location utility, time utility, and possession utility are the four main categories of utility.
- These services have an impact on a person's goods buying choice. But each of these commodities might have a measurable effect.
Thus, the ability of a commodity to meet needs is known as utility.
Learn more on the types of utility
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