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Usefulness refers to which extent something is useful and the utility is the quality of that piece in practical use.
Both are inter-related terms. In other words you can say that utility is a factor of usefulness term. Usefulness means having practical utility of a piece which is beneficial, pertinent and functional.
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What the difference between process piping and utility piping?
Process piping contains the product or piping integral to the process of creating the product. Utility piping is supporting the process but is not integral to the process, typically fresh water, cooling water, steam, condensate
What is the technical difference between a sink and a lavatory?
a lavatory is strictly for hand-washing while a sink is considered miscellaneous and can be used for service, utility, kitchen and laundry basins.
What is the difference between a sump pump and a utility pump?
A sump pump is submerged in a pit. It keeps house from flooding. A utiliity pump is used to pump water out of already flooded house, boat, pool, tank, etc....
What is the difference between technology and process?
what is the difference between license and patent
What is the difference between an assembler and a translator?
what is the difference between an assembler and the translator
What is usefulnes utility?
Utility itself means usefulness!! :)
Explain difference between total and marginal utility. Define UTILITY. How do consumers maximize UTILITY?
explain the difference between total utility and marginal utility
What is the difference between equi-marginal utility and diminishing marginal utility?
What is the difference between equi-marginal utility and diminishing marginal utility?Read more:What_is_the_difference_between_equi-marginal_utility_and_diminishing_marginal_utility
What is a 7 letter word that means usefulness?
utility
What is the definition of utility?
Something that is useful. The same as usefulness.
When economist refer to a products usefulness they use the term?
Utility
What is the importance of consumer surplus?
The consumer surplus is important as a measure of the level of consumer benefit from different types of economic transactions. Since it measures the difference between willingness-to-pay and cost, it is a measure of utility (usefulness; happiness) profit.
What term would describes the pleasure usefulness or satisfaction a person gets from using a product?
Utility
Which of the following termes describes the pleasures usefulness or satisfaction a person gets from using a product?
Utility
What is the difference between usability and utility?
usability is the quality of being able to provide good service. and utility is the state of being useful
Differences between cardinal and ordinal utility approach?
A difference is that with ordinal utility approaches, you cannot numerically measure the level of consumer satisfaction. With cardinal utility approaches, you can to an extent.
What are the characteristics of utility in economics?
1). Utility depends upon wants. 2). Utility depends upon use. 3). Uility depends upon time and place. 4). Uility is different from usefulness. 5). Utility is base of demand.
