1.

State with reasons whether you agree or disagree with the following statements:Utility and happiness are different.

Answer»

Yes, I agree with this statement.

  • Utility is want satisfying capacity of a commodity and happiness is an enjoyable experience.
  • When a commodity has utility it may not necessarily give happiness or pleasure or enjoyable experience to consumer. E.g., no one enjoys taking an injection or bitter medicine but they have utility to a patient.


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