transport creates place untility
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If goods are produced in one place, they may not have demanded at that place only. Transport carries them to another place where they are demanded and create place utility. Thus, we can say that transport creates place utility.
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Answer: Utility is an economic term which means want satisfying power of the utility.
Transport creates place utility. The statement tells the satifaction which we get through transportation.
If we transport from one place to another we get place utility which is one of the form of utility.
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