Utility/Definition

From Citizendium
Jump to navigation Jump to search
This article is developing and not approved.
Main Article
Discussion
Related Articles  [?]
Bibliography  [?]
External Links  [?]
Citable Version  [?]
Tutorials [?]
 
A definition or brief description of Utility.

A concept used in economic theory to denote the amount of satisfaction that an individual derives from a product.