utility principle
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utility — In economic theory, utility is defined as the benefit or satisfaction which is derived from the consumption of a commodity. In eighteenth century moral philosophy, it meant ‘the greatest happiness principle’: actions are right if they tend to… … Dictionary of sociology
utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials … Universalium
utility — /yooh til i tee/, n., pl. utilities, adj. n. 1. the state or quality of being useful; usefulness: This chemical has no utility as an agricultural fertilizer. 2. something useful; a useful thing. 3. a public service, as a telephone or electric… … Universalium
utility — /juˈtɪləti / (say yooh tiluhtee) noun (plural utilities) 1. the state or character of being useful. 2. something useful; a useful thing. 3. a public service, as a bus or railway service, gas or electricity supply, or the like. 4. Also, utility… …
principle of utility — greatest happiness principle … Useful english dictionary
greatest happiness principle — noun : a prinicple in Benthamism: right and wrong are to be judged by the degree to which the action judged achieves the greatest happiness of the greatest number called also utility principle; compare universalistic hedonism … Useful english dictionary
principle of utility — See utilitarianism … Philosophy dictionary
Northwest Austin Municipal Utility District No. 1 v. Holder — Supreme Court of the United States Argued April … Wikipedia
Prudent avoidance principle — Prudent avoidance is a precautionary principle in risk management, stating that reasonable efforts to minimise potential risks should be taken when the actual magnitude of the risks is unknown. The principle was proposed by Prof. Granger Morgan… … Wikipedia
Criticism of sport utility vehicles — A Ford Excursion SUV next to a Toyota Camry … Wikipedia
