Utility Definition–noun | 1. |
d46
the state or quality of being useful; usefulness: This chemical has no utility as an agricultural fertilizer. |
| 2. | something useful; a useful thing. |
| 3. | a public service, as a telephone or electric-light system, a streetcar or railroad line, or the like. Compare public utility (def. 1). |
| 4. | Often, utilities. a useful or advantageous factor or feature: the relative utilities of a religious or a secular education. |
| 5. | Economics. the capacity of a commodity or a service to satisfy some human want. |
| 6. | the principle and end of utilitarian ethics; well-being or happiness; that which is conducive to the happiness and well-being of the greatest number. |
| 8. | utilities, stocks or bonds of public utilities. |
| 9. | a grade of beef immediately below commercial. |
–adjective | 10. | (of domestic animals) raised or kept as a potentially profitable product rather than for show or as pets: utility breeds; utility livestock. |
| 11. | having or made for a number of useful or practical purposes rather than a single, specialized one: a utility knife. |
| 12. | designed chiefly for use or service rather than beauty, high quality, or the like: a utility vehicle; utility furniture. |
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From Dictionary
Related topics from Britannicamarginal utility
in economics, the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service. The concept implies that the utility or benefit to a ...
public utility
enterprise that provides certain classes of services to the public, including common carrier transportation (buses, airlines, railroads, motor freight carriers, pipelines, etc.); telephone and ...
utility and value
in economics, the determination of the prices of goods and services.Gebrauchsmusik
music intended, by virtue of its simplicity of technique and style, primarily for performance by the talented amateur rather than the virtuoso. Gebrauchsmusik is, in fact, a modern reaction against ...
petroleum refining
A typical refinery requires enough utilities to support a small city. All refineries produce steam for use in process units. This requires water-treatment systems, boilers, and extensive piping ...
utility and value
The classical economists suggested that this leads to a paradox. They argued that utility could not explain the relative price of fine jade and bread, because the latter was for many consumers ...
game theory
In the previous example it was tacitly assumed that the players were maximizing their average profits, but in practice players may consider other factors. For example, few people would risk a sure ...
Bombay
The manifold functions of the corporation include the provision or maintenance of medical services, education, water supply, fire services, garbage disposal, markets, gardens, and engineering ...
Jakarta
Public utilities are usually operated or owned by the Indonesian government. The State Electricity Company and the subsidiary State Gas Company both supply Jakarta. Postal and cable services and ...
Delhi
Water supply, drainage, sewerage, and conservancy and scavenging services are mandated functions of the municipal corporation. Such functions as city transportation and the generation and ...
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