Essay: Economic utility

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Essay: Economic utility

Sample Essay

In economic terms, when a good or service satisfies a human want or need it is said to possess utility. This understanding can be used to understand utilitarianism as a moral theory. Its dispositions are similar to those of the consequentialist moral theory in fact the two theories can be used interchangeably.

In this point of view, right or wrong draws from the utility or benevolence of the outcome of an action. Here the famous expression suffices which states that the end justifies the means. If abortion will rescue the life of the mother from death or it will safe her from dropping out of school then for utilitarianism, it is morally worth-while. Having reviewed the above moral theories the following moral theories are important as they look at morality from a metaphysical point of view and this is important for this study.

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