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utility business definition
- In economics, a measure of satisfaction. For example, some middle-aged men gain substantial utility from driving sports cars, even though these vehicles are expensive and impractical.
- A business that provides an essential service, generally under government regulation. Electric companies, gas transmission firms, and local telephone companies are utilities.
- A software program designed to perform a specific task related to managing a computer's resources. For example, a defragmenter program can detect and restructure fragmented files.
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