1. Business. Firm owning and operating facilities for production and distribution of water, electricity, gas telecommunications to the public. 2. Computing. Program whose function is to maintain efficiency of the system. Also known as utility program.3. Economics. Value for money and pleasure arising from consuming services and goods. 4. Ethics. Said by Jeremy Bentham the English reformer and philosopher ” augment or diminish the happiness of the party whose interest is in question”.
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