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utility |
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utility, in economics: see value value, in economics, worth of a commodity in terms of other commodities, or in terms of money (see price ). Value depends on both desirability and scarcity. The marginal theory of value, pioneered in the late 19th cent. ..... Click the link for more information. . utility(1) See utility program. utility 1. a. a public service, such as the bus system; public utility b. (as modifier): utility vehicle 2. Economics a. the ability of a commodity to satisfy human wants b. the amount of such satisfaction 3. Austral and NZ a small truck with an open body and low sides, often with a removable tarpaulin cover; pick-up 4. a piece of computer software designed for a routine task, such as examining or copying files utility [yü′til·əd·ē] (engineering) One of the nonprocess (support) facilities for a manufacturing plant; usually considered as facilities for steam, cooling water, deionized water, electric power, refrigeration, compressed and instrument air, and effluent treatment. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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