Question

Which utility is created when goods are carried out from place of production to consumer?

Answer 1

Utility means"wants satisfying power". Utility depends upon the wants of the people. It is also called as expected satisfaction.

Utility cannot be measured because it is the psychological factor. It differs from person to person and from time to time.

Place utility is created when goods gets transported from one place to another. This utility is more in the region where the scarcity of the products are more.

Hence place utility is created when goods are carried out from place of production to consumer.