The concept of utility in( Bch) perspective

Utility its self means the satisfaction deriavable in any derivation attributes or in any good and services.

Which place the (bch) 100% among the satisfaction deriavable in any derivation attributes, which make it easy for everyone to get cash in the most easier way.

The concept of utility is a psychological doctrine which made its ways into economics almost a century ago and its a term used to denote the satisfaction derived from the consumption of a commodity at a particular point in time.

Utility is about making purchase with given prices of Commodities as well as a given income and in accordance with the consumers want, desires, tastes, preference or indifference. Also, utility is some property common to all commodities wanted by a person.

In discussion of the concept of utility

These are three things that must be put into consideration

• The consumer is a target or a person to watch in utility.

• Utility is all about the want satisfying power that a commodity possesses and that satisfying power is what makes consumer to want and to ultimately demand for such commodity.

• Every commodity has its own appeal to different point in time.

For example : for a young lady who takes rice with beans at a time she's very hungry, the utility will be satisfaction deriavable from eating the food.

And for a young guy that works every day on read cash and get paid by (bch) the utility will be satisfaction deriavable from the (bch) given to him. The term utility should not be misconstrued at any time or any reason. Utility is amoral. This means, it has nothing to do with morality or immorality or the goodness or badness of the commodity in question. What is important is whether the consumer derives satisfaction from the consumption of the commodity or not. Utility is subjective and psychological. It resides in the mind. Also, the measures of satisfaction deriaved from the consumption of the same type of Commodity by different persons varies, in addition, utility is a metter of time. It depend on the time the commodity is made available or expected to be consumed. Rice and beans may not possess any utility to a person who is not hungry at least at that time, can be in cash is what will satisfy him at that particular time.