Question

what is utility? is it synonymous with the usefulness?​

Answer 1

Answer:

Utility (Latin utilis, useful) signifies primarily the quality of being useful, but is somewhat more abstract and philosophical than usefulness or use, and is often employed to denote adaptation to produce a valuable result, while usefulness denotes the actual production of such result.

Explanation:

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Answer 2

In Social Science,the concept of utility was introduced by philosophers Jeremy Bentham and John Stuart Mill.It is basically referred to as the value,benefits,happiness,use or satisfaction associated with any particular object or action.

Explanation:

• In Economics,the concept of utility is widely and commonly used in consumer behavior theory,which explains the level of satisfaction or happiness obtained by any rational consumer or buyer from consuming or purchasing various goods and services.
• Now,the consumer satisfaction or happiness is attributable to the usefulness or value obtained by consuming any particular product or service.Hence,a product or service which practically has no use or utility value does not yield any satisfaction or happiness and thus,does not have any utility to consumers or buyers.
• Therefore,utility and usefulness are etymologically synonymous in a sense,that usefulness of anything leads to its overall utility level and higher usefulness evidently signifies an increase in utility and vise versa.Hence,usefulness can be treated as a precondition of utility.In this line of argument both usefulness and utility are positively or directly related to each other.