Question

Want satisfying capacity of commodity

Answer 1

Answer:

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.”

Answer 2

Answer:

Unity is measurement of the satisfaction derived from the consumption of a good or service. In other words the wants satisfying capcity of goods or services is known as Utility.

Explanation:

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