Blog Archives

TYPES OF UTILITY

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

Tagged with: , , , ,
Posted in General Economics

UTILITY – TYPES OF UTILITY

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

Tagged with: , , , , , ,
Posted in General Economics