answersLogoWhite

0

we can look utility in two angles

product angle it is wants and need satisfying property of c

ommodity.

consumer angle it is psychologiccal happiness ,pleasure,derived by consumer after consumption.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Describe the five principal types of economic utility that add value to a product or service which of those utilities are provided by logistics?

types of economic utility is that production among them?


What are the five economic utilities?

form, place, time, possession, and information


What economists talk about utility what does it refer to?

economic utility; refers to the level of economic relevance,significance or usefulness of a given type and degree of consumption and production towards a given economic end. An economic end can be: 1-profit maximization 2-well fare maximization etc economic utility can be increasing,decreasing or constant depending on its economic utility reaction.


When was Five economic tests created?

Five economic tests was created in 1997.


What are five common utility programs that are normally included in the operating system?

1.disk cleaner 2.cc Cleaner. 3.any anti virus.


Geographers divide the us into five economic regions based on?

economic activity


How long was Hitler meant to be in prison?

Five years


What are the five aspects of feasibility study?

Economic (benefit) Economic (costs) Technical Schedule Operational


What is the object of the five year plans?

economic development


What are the five types of utility?

Electircty, natural gas, water/sewer, telephone, cable TV/internet


What are five ways to measure economic activity?

gdp, gsp, and social trends are three of the five


Who reversed Lenin's New Economic Policy and started Five-Year Plans?

Joseph Stalin reversed Lenin's New Economic Policy and instituted the Five Year Plans.Joseph Stalin began the Five-Year Plans.