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Chapter 12 of 24 · Definitions in Political Economy by Thomas Robert Malthus

UTILITY.

58 words · All 24 chapters

2. The quality of being serviceable or beneficial to mankind. The utility of an object has generally been considered as proportioned to the necessity and real importance of these services and benefits.

All wealth is necessarily useful; but all that is useful is not necessarily wealth. [See the Observations on this definition in Chapter XI - LF OLL Editor.]

Definitions in Political Economy

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