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Make a list of 10 commodities which
satisfy your wants.
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Explanation:
Utility refers to want satisfying power of a commodity. ... Since furniture is made by changing the original form of wood, the creation of furniture from ...
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Answer:
The want satisfying power of a commodity is called utility. It is a quality possessed by a commodity or service to satisfy human wants. Utility can also be defined as value-in-use of a commodity because the satisfaction which we get from the consumption of a commodity is its value-in-use.
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