Question

what are the characteristics of utility ?
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Answer 1

Answer:

The quality (power or capability) of commodity which satisfies the human want; directly or indirectly is called Utility. Those commodities, which have wants satisfying power are called 'Useful Commodities'. Characteristics of utility: It is a psychological concept, which can only be felt.

Answer 2

The quality (power or capability)commodity which satisfies the human want;derectly or inderectly is called utility.

Those commodities which have wants , satisfyingpower are called useful commodities . Characteristics of utility , it is psycological concept .

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