Utility meaning: What is utility

What is utility ? A customer is the one who usually determines his demand for goods on the basis of the satisfaction ( utility ) that he procures from them. So, what is a utility ? Utility of goods is their want-satisfying capability. More is the aspiration to have the goods, the more is the utility procured from them. Utility is instinctive. Distinct people can get different degrees of utility from the same goods. For instance, someone who likes sweets will get much higher utility from a sweet ... Utility : What is meant by Utility ? Learn about Utility in detail, including its explanation, and significance in Economy on The Economic Times. utility line; utility bill (Of a building or its components) containing or intended for any of a building’s often- utility -related commodity transport, such as pipes or wires, or converting equipment, such as furnaces, water tanks or heaters, circuit breakers, central air conditioning units, laundry facilities, etc. Learn the meaning of utility as a noun and an adjective in English, with different contexts and usage. Find out how utility can refer to a public service, a usefulness, a versatile player, or a computer program.