principle of utility


principle of utility

Philosophy dictionary. . 2011.

Look at other dictionaries:

  • principle of utility — greatest happiness principle …   Useful english dictionary

  • 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 — 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 — /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… …   Australian English dictionary

  • utility principle — noun : greatest happiness principle …   Useful english 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

  • Ordinal utility — theory states that while the utility of a particular good or service cannot be measured using a numerical scale bearing economic meaning in and of itself, pairs of alternative bundles (combinations) of goods can be ordered such that one is… …   Wikipedia


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