Meaning utility maximization
What does utility maximization mean? Here you find 2 meanings of the word utility maximization. You can also add a definition of utility maximization yourself

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utility maximization


The process or goal of obtaining the highest level of utility from the consumption or use of goods and services. This is based on the seemingly obvious presumption that people prefer more to less, whi [..]
Source: glossary.econguru.com

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utility maximization


Definition A theory used in economics that holds the belief that when individuals purchase a good or a service, they strive to obtain the most amount of value possible, while at the same time spending [..]
Source: investorwords.com




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