What are the important features of utility?
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Utility is considered to be the ability of a product or service to satisfy demands of a consumer.
It may be the quality that makes a thing highly desirable.
Some of the important features in association with utility include the following:
It is subjective, utility is relative and variable, it is immeasurable, utility is abstract, utility is different from usefulness and morality, utility and pleasure, time utility and form utility.
It may be the quality that makes a thing highly desirable.
Some of the important features in association with utility include the following:
It is subjective, utility is relative and variable, it is immeasurable, utility is abstract, utility is different from usefulness and morality, utility and pleasure, time utility and form utility.
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