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Learn the various meanings and uses of the word utility as a noun and an adjective. Find synonyms, examples, word history, and related phrases of utility.
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Utility definition: the state or quality of being useful; usefulness. See examples of UTILITY used in a sentence.
Learn the meaning of utility as a noun, adjective, and service in English. Find out how to use utility in different contexts, such as public services, sports, IT, and economics.
In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world. Over time, the term has been used in at least two different meanings. In a normative context, utility refers to a goal or objective that we wish to maximize, i.e. an objective function.
Sep 25, 2023 · Utility is the satisfaction or benefit derived from consuming a good or service. Learn about the different types of utility (ordinal, cardinal, total, marginal) and how to measure them in economics.
5 days ago · Learn the meaning and usage of the word utility in different contexts, such as usefulness, public service, economics, and computing. Find synonyms, pronunciation, and related words for utility in British and American English.
Learn the meaning, pronunciation and usage of the word utility as a noun in English. Utility can refer to a public service, a quality of being useful, or a piece of computer software.
