Question

__________ is a want satisfying power or capacity of a commodity.

• A. Goods
• B. Utility
• C. Value
• D. Price

Answer 1

The correct option is B Utility

Utility is a want satisfying power or capacity of a commodity.

Utility is the quality in goods to satisfy human wants. Thus, it is said that “Wants satisfying capacity of goods or services is called Utility.”