transport creates place utility. give reason help me plz it is urgent
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Answer: In economics utility is the capacity of a commodity to satisfy human wants. Utility is ... He feels that his given want is satisfied by the use or consumption of the commodity purchased. Utility ... Transport services are basically involved in the creation of place utility. In retail trade or distribution services too, place utility is created.
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Transportation creates place utility by transferring goods and persons from place to place. It has considerably contributed to economic ...
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