Utility

Definition of Utility

U`til´i`ty
n.1.
1.The quality or state of being useful; usefulness; production of good; profitableness to some valuable end; as, the utility of manure upon land; the utility of the sciences; the utility of medicines.
The utility of the enterprises was, however, so great and obvious that all opposition proved useless.
- Macaulay.
2.(Polit. Econ.) Adaptation to satisfy the desires or wants; intrinsic value. See Note under Value, 2.
Value in use is utility, and nothing else, and in political economy should be called by that name and no other.
- F. A. Walker.
3.Happiness; the greatest good, or happiness, of the greatest number, - the foundation of utilitarianism.

Related Words

Aktiengesellschaft, account, advantage, advantageousness, aktiebolag, alternate, alternative, appliance, applicability, appropriateness, availability, backup, beneficialness, body corporate, business, business establishment, cartel, chamber of commerce, combine, commercial enterprise, compagnie, company, concern, conglomerate, conglomerate corporation, consolidating company, consortium, convenience, copartnership, corporate body, corporation, counterfeit, diversified corporation, drive, dummy, effectiveness, efficacy, efficiency, engine, enginery, enterprise, equivalent, ersatz, facility, fake, favorableness, firm, fitness, fixture, functionality, helpfulness, holding company, house, imitation, industry, joint-stock association, joint-stock company, machine, machinery, makeshift, mechanical aid, mechanical device, mechanism, mock, motive power, motor, operability, operating company, partnership, phony, pinch, plunderbund, pool, power plant, power source, practicability, practical utility, practicality, profitability, provisional, proxy, public utility, relevance, reserve, secondary, service, serviceability, spare, stock company, stopgap, substitute, syndicate, temporary, tentative, token, trade association, trust, usability, use, usefulness, utilizability, vicarious
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