Table of Contents
Utility
Definition
Ability / power of a good or service to satisfy one or more needs or wants of a consumer is called Utility.
Or
The satisfaction a consumer receive form consuming a product or service is called Utility
Examples of utility
Goods or Service Ability to Satisfy
Water Thirst
Bread Hunger
Pen Writing
Teacher Knowledge
Car Travelling
Doctor Treatment of illness
Bulbs Light
Fan Air