Economy, asked by omkarcbsa1003, 1 year ago

Utility and usefulness difference

Answers

Answered by MausamSingh
2
utility is satisfaction and Usefulness is associated with those goods and services which are useful and are related to the betterment of the human beings and The capability of a product to satisfy human want is referred as utility
Answered by ranu34
0
usefulness is product or object centric whereas utility is satisfaction or consumer centric.also, utility is more subjective than usefulness... The law of diminishing marginal utility is another proof of this.
Similar questions