four different types of utility

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If you’re struggling here (many do), some Economics 101 may help. There are only four different types of utility: place utility, form utility, time utility, and possession utility. What can you make easier to understand, faster to get, cheaper to buy, or more accessible to others?

  • Place utility: Make something inaccessible accessible
  • Form utility: Make something more valuable by rearranging existing parts
  • Time utility: Make something slow go fast
  • Possession utility: Remove a middleman

Link:: The Minimalist Entrepreneur

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