Give economic terms.(1) Want satisfying capacity of a commodity. (2)

Give economic terms.(1) Want satisfying capacity of a commodity. (2) Treatment given by a doctor to a patient. (3) Goods sold by shopkeeper to consumer. (4) Addition made to TU by consuming one more unit of a commodity. (5) Aggregate of utilities derived from all units. (6) Marginal utility becomes negative beyond the point of satiety. (7) Utility created due to change in the structure of given material. (8) A state of mind to feel happy. (9) A feeling of lack of satisfaction. (10) The urgency to satisfy want immediately.

Answer»

(1) Utility

(2) Service Utility

(3) Possession Utility

(4) Marginal Utility

(5) Total Utility

(6) Disutility

(7) Form Utility

(8) Satisfaction

(9) Want

(10) Intensity