6 Types of utility with example

Описание: In this video, you will discover 6 types of utility with examples. Everyone tries to fulfil/satisfy his wants with available resources. It is true that all human wants cannot be settled fully at a specific time. Utility analysis describes consumers’ behaviour in relation to the maximization of satisfaction. We know that utility is a relative and subjective concept. Utility is different from pleasure, usefulness, and satisfaction.

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