utility

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utility,

in economics: see valuevalue,
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.
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utility

(ECONOMICS) the satisfaction or pleasure that a person derives from the consumption of a good or service. In the work of CLASSICAL ECONOMISTS, it was assumed that utility might be measured on an absolute scale. In modern economics, the assumption is merely that individuals are at least able to rank the satisfactions they receive or expect to receive. It is on this basis that conceptions and forms of analysis central in modern economics, e.g. indifference curves, conceptions of marginal utility, are formulated (see NEOCLASSICAL ECONOMICS).

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.

public utility

A public service such as water, gas, electricity, telephone, sewers, etc.

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

(1) See utility program.

(2) Usefulness; fitness for a particular use. Utility is one of the six fundamental components of information security (see Parkerian Hexad). For example, if data are encrypted and the decryption key is unavailable, the breach of security is in the lack of utility of the data (they are still confidential, possessed, integral, authentic and available).
References in periodicals archive ?
If one smells Durva Panchang Swaras, it will be very useful.
Useful has six team members and has doubled its customer base over the last two months.
But if you asked those same executives what media they found most useful for learning what os going on in their community, where traffic jams are right now, where they look for information on what cars to buy, what clothes are on sale, what entertainment events are going on this weekend, they'd say that the general mass media are "very useful" for that purpose, and the Internet, specialized business publications and trade shows would rank very low.
The book does an admirable job of covering the basics of crisis planning, including the development of business continuity and crisis communication plans and giving practical, useful steps for readers to be able to successfully create both.
A cost also must be capitalized if it "substantially prolongs" the "economic useful life" of a unit of property.
Nearly 77 percent of participants believed they had learned information at the workshop that was useful to their jobs.
Baxter presents a useful review of natural metamorphic reaction rates and suggests the discrepancy between lab based and natural estimates for regional metamorphic reactions reflects the very important role fluids play in rock reactions.
The data will also be useful in monitoring resistance trends in a region over time and assessing the effects of interventions to reduce antimicrobial resistance.
This is a useful property for the rubber keypads used on calculators, cell phones and other devices because the film prevents dirt and oils from penetrating the surface, and it protects printed legends and preserves keypad appearance.
Tax advisers recognize the tax savings available from reclassifying building components as personal property with shorter useful lives than the building itself.
After Zaben's site, one of the most useful sites on the Internet is the searchable archives of the records management listserv.