What does Utility mean?
The total satisfaction or benefit that a consumer derives from consuming a good or service.
In economics, Utility refers to the satisfaction a consumer derives from a product.
Utility in German, French, Spanish and Italian
GermanNutzen
Maß für die Bedürfnisbefriedigung durch Konsum.
FrenchUtilité
Satisfaction qu'un individu retire de la consommation d'un bien.
SpanishUtilidad
Capacidad de un bien para satisfacer una necesidad.
ItalianUtilità
Idoneità di un bene a soddisfare un bisogno umano.
Common phrases with Utility
- marginal utility
- total utility
- maximize utility
Synonyms and opposites for Utility
- Synonym Satisfaction
- Synonym Well-being