What does 'utility' refer to?

The term 'utility' primarily refers to the concept of usefulness or practicality. In various contexts, such as economics, philosophy, and everyday language, 'utility' signifies the degree to which something is effective in fulfilling a specific purpose or need. This can pertain to objects, actions, or even services that provide value or benefit to individuals or society at large.

In this case, the choice that defines 'utility' as 'usefulness' accurately captures its essence. The focus on practical application and the ability to serve a beneficial role aligns with the definition of 'utility' found in dictionaries and academic discourse. Understanding 'utility' in this way helps clarify its implications in decision-making and resource allocation, particularly in economics, where it often relates to the satisfaction or benefit gained from goods and services.