Utility is the feminine noun that means the useful quality of something or someone. It is synonymous with service or advantage.
The word utility can also indicate a service or a person who is useful. Thus, something that is useless is something obsolete or spoiled, the use of which is of no benefit. Ex: This knife is all rusty, so it has no use anymore.
The expression housewares indicates useful objects that are used in the home. They can be useful objects and accessories that are used in the kitchen, such as pans, cutlery sets, platters, salad bowls, bowls, fruit bowls, etc. They are not exclusive objects in the kitchen, they can also be used in the bathroom.
Utility in Economy
In the context of economics, the concept of utility expresses an individual's satisfaction when consuming a particular good or service. It refers to the profit, profit, fruit or interest that an individual has with the use of something.
Furthermore, utility also indicates the relative importance of an economic good in relation to satisfying a specific need. For example: For a person who lives in a warm city, a fan is likely to be more useful than for a person who lives in a cold city. Thus, it is likely that the person who lives in the city with higher temperatures is willing to pay more for this good.
Concepts such as marginal utility and total utility. The marginal utility of a good decreases the greater its consumption. Thus, water has a low marginal utility. The marginal utility of a good decreases as our need is satisfied. If I am very thirsty, the first glass of water has a high marginal utility, but this utility decreases with each glass that is drunk, because the thirst will be quenched.
Total utility is the total satisfaction that results from the consumption of a good or service. It increases with consumption, but at a decreasing rate.
federal public utility
The federal public utility is a declaration or title attributed by the Ministry of Justice, as a form of recognition of foundations or associations that demonstrate to serve society altruistically and disinterested.
This title is often given when a private property is made available or transferred to the Administration, for the collective good.