What is utility
Utility means want satisfying power of a product.
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Utility means the satisfaction which a consumer receives from the consumption of goods.
Want satisfying power of a commodity….
It is a measure of satisfaction an individual gets from the consumption of the commodities. In other words, it is a measurement of usefulness that a consumer obtains from any good.\xa0A utility is a measure of how much one enjoys a movie, favourite food, or other goods. It varies with the amount of desire.
Utility value of goods means inherent capacity of goods & services to satisfy human wants….
Yes
Utility is the want satisfying power of a commodity