Utility is generally defined to be as the intensity of what the customer wants. When we will find that the service provided to the customer is not enough we will find that the demand of that commodity of that generally rises to some extent.
Eg: If a customer goes who wants to buy a particular item or product, his aim will be buying that particular product not any substitute of that.
Economics when applied to real life sounds beautiful. this blog is for those students who are discovering the different facets of economics applications and want to share their discoveries.
Saturday, August 4, 2018
Utility : The need
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