Utility /(?)/

U·til·i·ty

Utility

n.
  1. The quality or state of being useful; usefulness; production of good; profitableness to some valuable end; as, the utility of manure upon land; the utility of the sciences; the utility of medicines.
    The utility of the enterprises was, however, so great and obvious that all opposition proved useless.
  2. Adaptation to satisfy the desires or wants; intrinsic value. See Note under Value, 2. (Polit. Econ.)
    Value in use is utility, and nothing else, and in political economy should be called by that name and no other.
    — F. A. Walker.
  3. Happiness; the greatest good, or happiness, of the greatest number, -- the foundation of utilitarianism.