what is utility explain with example
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Utility => it is the power of goods or services that satisfy the known wants. In economic utility is devoid of all the legal, illegal, social or ethical implication.
According to prof. Waugh " utility means the capability of satisfy wants".
Check example in image.
This is ur ans hope it will help you in case of any doubt comment below
According to prof. Waugh " utility means the capability of satisfy wants".
Check example in image.
This is ur ans hope it will help you in case of any doubt comment below
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arti31:
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