Utility Definition & Meaning - Merriam-Webster
WEB1. : fitness for some purpose or worth to some end. 2. : something useful or designed for use. 3. a. : public utility. b (1) : a service (such as light, power, or water) provided by a …
UTILITY Definition & Meaning | Dictionary.com
WEBUtility definition: the state or quality of being useful; usefulness. See examples of UTILITY used in a sentence.
UTILITY | English meaning - Cambridge Dictionary
WEButility noun (PUBLIC SERVICE) [ C ] a supply of gas, electricity, water, or telephone service to homes and businesses, or a business that supplies such services: a utility …
Utility in Economics Explained: Types and Measurement - Investopedia
WEBSep 25, 2023 · What Is Utility? In economics, utility is a term used to determine the worth or value of a good or service. More specifically, utility is the total satisfaction or...
Introduction to utility (video) | Khan Academy
WEBThe concept of "utility" in economics essentially measures the usefulness or value of something. Economists attempt to quantify utility in various ways. Here, Sal Khan uses the example of scoops of ice cream to illustrate concepts like total utility and marginal utility.
Utility Definition & Meaning | Britannica Dictionary
WEBBritannica Dictionary definition of UTILITY. 1. [noncount] formal : the quality or state of being useful. Some experts question the utility [= usefulness] of the procedure. a plan without much practical/economic utility. 2. [count] a : a service (such as a supply of electricity or water) that is provided to the public — usually plural.
Utility - Wikipedia
WEBUtility. This article is about the economic concept. For other uses, see Utility (disambiguation). 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.
UTILITY definition and meaning | Collins English Dictionary
WEB2 days ago · 1. the quality or property of being useful; usefulness. 2. something useful. 3. a. something useful to the public, esp. the service of electric power, gas, water, telephone, etc. b. a company or government agency providing such a service.
utility adjective - Definition, pictures, pronunciation and usage …
WEBDefinition of utility adjective in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Utility - Definition, Meaning & Synonyms | Vocabulary.com
WEBnoun. a facility composed of one or more pieces of equipment connected to or part of a structure and designed to provide a service such as heat or electricity or water or sewage disposal. “the price of the house included all utilities ” see more. noun. the service (electric power or water or transportation) provided by a public utility.
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