Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 2 - Utility Analysis [Latest edition]
Q.3. Identify and explain the concept from the given illustration:
Salma purchased a sweater for her father in the winter season.
Sol: - Relative concept
Explanation:
The utility is related to time and place.
It varies from time to time and place to place.
For example:
woollen clothes have a greater utility in the winter.
