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utility
(redirected from Utility maximization)

   Also found in: Financial, Encyclopedia, Wikipedia 0.03 sec.
utility (Public service), noun public business, public company, public corporation, public industry
utility (Usefulness), noun adequacy, advantage, applicability, avail, benefit, convenience, efficacy, employability, fruitfulness, function, helpfulness, practicality, productiveness, productivity, profit, service, serviceability, suitability, usability, use, value
Foreign phrases: Omne magnum exemplum habet aliquid ex iniquo, quod publica utilitate compensatur.Every great example has some unfairness, which is compensated by the public utility.
See also: advantage, appliance, behalf, benefit, betterment, expedience, feasibility, function, help, instrument, profit, propriety, tool, use, value, worth


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? Mentioned in ? References in periodicals archive
 
Adam Smith, the premier classical economist, believed that people are driven by a selfish desire to "better their condition," but he would never have subscribed to the notion that economic activity could be reduced to rational utility maximization.
This phenomenon suggests transfer programs are far more than just an expression of utility maximization by economic parasites.
With a comprehensive range of combined tactical experience, each seminar co-host offers a unique perspective on eLearning issues and trends, implementation of eLearning solutions and utility maximization of resources.
 
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