MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 10: The National Resources and the Economic Systems
Utility means-
Think it through first, then pick an option.
- a the total demand of people
- b a commodity's ability to fulfil a need
- c the total amount of wants
- d the sum of demand and supply
Answer and explanation
Correct answer: b a commodity's ability to fulfil a need
A commodity's ability to fulfil a need is utility.
Why the other options are wrong
- a the total demand of people: Total demand is not utility; utility is a quality of the commodity, not the amount people want.
- c the total amount of wants: The total amount of wants is not utility; utility is the ability to meet wants.
- d the sum of demand and supply: The sum of demand and supply is no definition; low supply gives insufficiency, while utility is a separate idea.
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