utility

Definition

A basic service such as electricity, gas, or water, or the company that provides such a service. Utilities are often regulated by the government.

Use utility in a sentence

You should try and make sure that you always pay your utility bills on time so that they do not get shut off.

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He was a utility player and would play a bunch of different positions for our team, which included shortstop and catcher.

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When assessing the cost of a new apartment, do not forget to factor in the costs of utility payments such as water, electricity and gas, which can add much to a monthly payment.

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elasticity of substitution composite