Utility: 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 ... Learn the meaning of utility as a noun, adjective, and service in English. Find out how to use utility in different contexts, such as public services, sports, IT, and economics. Learn what utility is in economics, how it is measured, and what types of utility exist. Utility is the satisfaction derived from consuming a good or service, and it influences the law of demand. The meaning of UTILITY is fitness for some purpose or worth to some end. How to use utility in a sentence.