Question

what is utility and what are its types.

Answer 1

A: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

Answer 2

Utility software is a system software designed to help to analyze, configure, optimize or maintain a computer. It is used to support the computer infrastructure in contrast to application software, which is aimed at directly performing tasks that benefit ordinary users.