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Nilesh purchased ornaments for his sister Chapter 2 - Utility Analysis Latest edition

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 2 - Utility Analysis [Latest edition]

 

Nilesh purchased ornaments for his sister.

Sol: - Subjective concept

Explanation:

It is a psychological concept. 

Utility differs from person to person. 

This is due to differences in taste, preferences, likes, dislikes, nature, habits, profession.