ELI5
ELI5
Examples:
graph database
,
marathon
,
laptop
,
hypotenuse
,
expected value
Utility
Utility is the measure of how useful something is. For example, a spoon is more useful than a rock, because it can be used to eat food. The more useful an item is, the more utility it has.
Related topics others have asked about:
Happiness economics
,
Law of demand
,
Marginal utility
,
Utility maximization problem