The 5 Economic Utilities

The 5 Economic Utilities

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  • Hi, I'm AJ and I'm here to tell you about the 5 economic utilities.  
  • Me too!
  • The first economic utility is form utility. This is when you use different materials and use them to create something more useful. 
  • Interesting...
  • The second economic utility is place utility.  Place utility is when you can buy something at a convenient time.
  • The third utility is time. This is when you have or get an item at a convenient time of the year.
  • The next one is possession utility. This is when you make a transaction for money; you could use cash and cards.
  • The last utility is information. This is simply when you talk to your customer about your product or service.
  • Thanks for listening and hopefully this helped you learn about the 5 utilities. 
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