noun
Meaning 1
A quasi-mathematical technique proposed by 19th-century utilitarian ethical theorists for determining the net amount of happiness, pleasure, or utility resulting from an action, sometimes regarded as a precursor of cost-benefit analysis.
Definition source: English Wiktionary via Wiktextract
Usage: historical
Topics: economics, human-sciences, philosophy, sciences
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided