Concept information
Término preferido
utility maximization
Definición
- In economics, utility is a measure of the happiness or satisfaction gained from the consumption of goods. In the model of individual utility maximization, economists assume that homo economicus is rational and self-interested and thus tends optimally to satisfy his or her needs under the given conditions. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Utility Maximization]
Concepto genérico
Pertenece al grupo
URI
http://data.loterre.fr/ark:/67375/N9J-ZDNN5B9W-K
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