InvestorWords.com

public utility


Definition
An organization which provides a basic service to the public, such as water, energy, transportation, or telecommunications. Firms providing these services are sometimes given monopoly status by the government, when doing so is perceived to be in the best interest of the consumers.


Related Videos




Search for another term


Browse 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