How Do You Spell UTILITY?

Pronunciation: [juːtˈɪlɪti] (IPA)

The spelling of the word "utility" can be explained with the International Phonetic Alphabet (IPA) as /juːˈtɪlɪti/. The initial "u" makes a long "u" sound, and the "i" is pronounced as an "ee" sound. The "t" is pronounced with a hard "t" sound, and the second "i" is pronounced with a short "i" sound. The final "y" is pronounced with a short "i" sound and the "ti" ending is pronounced with a "tee" sound. This unique spelling and pronunciation make the word "utility" distinct from other similar words in the English language.

UTILITY Meaning and Definition

  1. Utility is a concept commonly used in economics and refers to the measure of satisfaction or value an individual derives from consuming a particular good or service. It represents the usefulness or desirability of a certain product or action in fulfilling a specific purpose. The concept of utility is subjective and varies from person to person, as it depends on individual preferences, needs, and tastes.

    In economic theory, utility is often quantified using a hypothetical unit called "utils." Although utils are difficult to measure directly, economists use this concept to make comparative analyses and predictions about consumer behavior. By understanding utility, economists can determine the choices individuals make when faced with various consumption options.

    Utility theory also explores the concept of diminishing marginal utility, which suggests that as an individual consumes more of a good or service, the additional satisfaction derived from each additional unit tends to decrease. For instance, the first slice of pizza may be immensely satisfying, whereas the tenth slice might not bring the same level of gratification.

    Moreover, the concept of utility extends beyond consumer goods and services. It can also apply to other aspects of life, such as leisure time, social interactions, or even personal decision-making processes. For example, an individual might weigh the utility of pursuing higher education against the potential financial burden and potential career benefits.

    Overall, utility captures the subjective value and satisfaction individuals gain from consuming goods, engaging in activities, or making choices, making it a vital concept in understanding human behavior and economic decision-making.

  2. Profitableness to some end; benefit; advantage; profit.

    Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Top Common Misspellings for UTILITY *

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for UTILITY

Etymology of UTILITY

The word utility has its origins in the Latin term utilitas, which means usefulness or advantage. It further derives from the Latin verb uti, meaning to use. The word entered the English language in the late 16th century through Old French, where it was spelled as utilité. Over time, the spelling and pronunciation evolved to its present form as utility.

Similar spelling words for UTILITY

Plural form of UTILITY is UTILITIES

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