utility etymology

Etymology:

The word "utility" is derived from the Latin word "utilitas," which means "usefulness," "profit," or "advantage." The prefix "ut-" means "use," while the suffix "-ity" denotes a quality, state, or condition.

Meaning:

Utility refers to the usefulness, value, or benefit of something. It is the degree to which something satisfies a need or fulfills a purpose. In economics, utility is the measure of satisfaction or well-being derived from consuming goods and services.

Origin:

The concept of utility has been recognized since ancient times. Philosophers like Plato, Aristotle, and Epicurus discussed the relative importance of usefulness and virtue in ethical decision-making. In the 18th century, Jeremy Bentham codified the idea of utility as a foundation of ethics, known as utilitarianism.

Related Terms:

• Utilitarian: A person who emphasizes the principle of utility in ethical and practical decisions.
• Utility function: In economics, a mathematical function that represents the preferences of an individual or society for different bundles of goods and services.
• Marginal utility: The additional utility derived from consuming one more unit of a good or service.
• Expected utility: The expected value of the utility associated with different possible outcomes.

utility relate terms

• brook

  Etymology Middle English broke brook Old English brōc Proto West Germanic brōk

• utilitarian

  Etymology Utilitarian is derived from the Latin word utilis meaning useful Me

• utility

  Etymology The word utility is derived from the Latin word utilitas which means use

• unitarian

  Etymology The word Unitarian comes from the Latin word unitas meaning oneness or

• substitute

  Etymology Derived from the Latin word substituere meaning to put in place of anothe

• Pentateuch

  Etymology The term Pentateuch is derived from two Greek words penta πεντα

• behoof

  Etymology The word behoof comes from the Middle English word behofe which in turn d

• main

  Etymology The word main derives from the Old French term mein or maen meaning gre

• purpose

  Etymology Latin propositum n from the verb proponere to put forth propose Pro

• plumbing

  Etymology The word plumbing originates from the Latin word plumbum which means lead

• driver

  Etymology The word driver has multiple etymological origins 1 Old English drifa

• function

  Etymology is the study of the history of words including their origins forms and meanin

• role

  Etymology The word role originates from the Old French word rolle which in turn com