InterviewSolution
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InterviewSolution
| 1. |
State with reasons whether you agree or disagree with the following statements:Utility means not usefulness. |
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Answer» Yes, I agree with this statement. Utility indicates the power of a good to satisfy human wants irrespective of whether it is good or bad or harmful. Whereas usefulness means that the commodity is beneficial or desirable. A commodity may have utility but may not be useful e.g., Cigarette is injurious to health. It is not useful but it has utility to a smoker. |
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