what is utility? is it synonymous with the usefulness?
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what is utility? is it synonymous with the usefulness?
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Answer:
Utility (Latin utilis, useful) signifies primarily the quality of being useful, but is somewhat more abstract and philosophical than usefulness or use, and is often employed to denote adaptation to produce a valuable result, while usefulness denotes the actual production of such result.
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In Social Science,the concept of utility was introduced by philosophers Jeremy Bentham and John Stuart Mill.It is basically referred to as the value,benefits,happiness,use or satisfaction associated with any particular object or action.
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