utility theory


A theory used in economics that holds the belief that an item or service's utility is a measure of the satisfaction that the consumer will derive from the consumption of that particular good or service.

Use utility theory in a sentence

You should try and see if there is any way that you can make the utility theory work in your best interests.

​ Was this Helpful? YES  NO 2 people found this helpful.

We felt we were in a unique position as our customers appreciated our services greatly, utility theory confirms our thoughts.

​ Was this Helpful? YES  NO 10 people found this helpful.

We studied utility theory and came to come interesting conclusions that could affect the course of our product line in the future.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
utility maximization utility value