What satisfying power of commodity is called ........

What satisfying power of commodity is called :

Consumption

Utility

Production

Value addiction

- Option 1: Consumption

- Consumption refers to the action of using up goods and services for fulfilling needs or desires.

- Option 2: Utility

- Utility is the satisfaction or benefit that a consumer derives from consuming a product or service.

- This is the correct answer.

- Option 3: Production

- Production is the process of creating goods and services from various inputs like labor, capital, and resources.

- Option 4: Value addition

- Value addition involves increasing the worth of a product by modifying or enhancing it during the production process.

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