Identify and explain the concept : Sunita madam satisfied her want to write on the blackboard by using a chalk.
Q.2 (A) (v) Identify and explain the concept : Sunita madam satisfied her want to write on the blackboard by using a chalk.
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Answer: Utility
Utility is the want-satisfying capacity of a commodity or service. The chalk has the capacity to satisfy Sunita madam’s want to write on the blackboard, so it has utility for her. (It is form utility, as chalk is made from raw material.)
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· 28 Oct 2026
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