Production refers to “the creation of utility having value-in-exchange” The process of production may create six types of utilities. 1] Form utility – Form utility is the most obvious utility added in the process of production. It refers to a…
Production refers to “the creation of utility having value-in-exchange” The process of production may create six types of utilities. 1] Form utility – Form utility is the most obvious utility added in the process of production. It refers to a…
Production refers to “the creation of utility having value-in-exchange” The process of production may create six types of utilities. 1] Form utility – Form utility is the most obvious utility added in the process of production. It refers to a…
Form utility Q] Define and explain form utility. Form utility is the want satisfying capacity and therefore the value given to a product due to a change in its form. Form utility is the most obvious utility added in…