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utility meaning

EN[juːˈtɪl.ɪ.ti]
WUtility
  • In economics, utility is a measure of preferences over some set of goods and services. The concept is an important underpinning of rational choice theory.
  • Utility is an important concept in economics and game theory, because it represents satisfaction experienced by the consumer of a good. A good is something that satisfies human wants.
  • Part-of-Speech Hierarchy
    1. Nouns
      • Countable nouns
    Related Links:
    1. en utilityman
    2. en utilitymen
    3. en utilitylike
    4. en utility man
    5. en utility men
    Source: Wiktionary

    Meaning of utility for the defined word.

    Grammatically, this word "utility" is a noun, more specifically, a countable noun.
    Difficultness: Level 3
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    Easy     ➨     Difficult
    Definiteness: Level 7
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    Definite    ➨     Versatile