Difference between revisions of "Utility"
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| − | Utility is an economic term representing the someone's satisfaction or happiness. The utility of a good, for example, is its ability to bring satisfaction to the buyer. | + | Utility is an economic term representing the someone's satisfaction or happiness. The utility of a [[good]], for example, is its ability to bring satisfaction to the buyer. |
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| + | [[Category:Economics]] | ||
| + | [[Category:Philosophy]] | ||
Revision as of 10:19, March 11, 2007
Utility is an economic term representing the someone's satisfaction or happiness. The utility of a good, for example, is its ability to bring satisfaction to the buyer.