Question
Utility and Usefulness.
| Utility | Usefulness |
| 1. Utility is the capacity of a commodity to satisfy human wants. | (a) Anything (goods or services) are useful if they satisfy human want and generate human welfare. |
| 2. A product may have utility irrespective of the commodity is useful or harmful, desirable or undesirable. | (b) A product is useful only when it is desirable or beneficial and does not do any harm to a person. |
| 3. All commodities have utility such as car, clothes, even harmful products like drugs, liquor, cigarettes, narcotics, etc. | (c) Products such as food items, medicine, clothes, etc. are useful. Also services such as education, recreation are useful to people. |
| 4. The term utility is subjective in nature as it changes from person to person, from place to place and from time to time. | (d) The term usefulness is absolute in nature, it never changes. |
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