utility and usefulness short note
Answers
Answered by
2
Answer:
The simple meaning of 'utility' is 'usefulness'. In economics utility is the capacity of a commodity to satisfy human wants. Utility is the quality in goods to satisfy human wants. Thus, it is said that “Wants satisfying capacity of goods or services is called Utility.”
Answered by
1
Explanation:
Usefulness" and "utility" both mean nearly the same thing. Usefulness: the quality or fact of being useful. ... On the other hand, "utility" kind of has the connotations of something like a utilities service or a software utility.
Similar questions