Utility and usefulness distinguish between in economics
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Though they appear to be similar, there is a subtle difference between both the concepts. Usefulness is product or object centric, whereas utility is satisfaction or consumer centric. Also, utility is more subjective than usefulness
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Though they appear to be similar, there is a subtle difference between both the concepts. Usefulness is product or object centric, whereas utility is satisfaction or consumer centric. Also, utility is more subjective than usefulness.
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