English

Explain the term utility. - Economics

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Question

Explain the term utility.

Explain
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Solution

Utility refers to the want satisfying power of a commodity.

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Chapter 3: Basic Concepts of Economics - QUESTIONS [Page 50]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 3 Basic Concepts of Economics
QUESTIONS | Q 3. | Page 50
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