PUBLIC UTILITY Meaning and
Definition
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A public utility refers to an organization, company, or service that is responsible for providing essential goods or services to the general public. These utilities are typically considered vital for the overall well-being of society and are typically regulated by the government to ensure fair pricing and accessibility.
Public utilities often include services such as electricity, water supply, natural gas, telephone, and public transportation. These utilities are usually considered necessary for the functioning of a modern society and are essential for meeting the basic needs of individuals and businesses. Public utilities are typically provided by either government-owned entities or private companies, but regardless of ownership, they are expected to serve the public interest and fulfill certain obligations.
The term "public utility" is often used to describe services that are considered natural monopolies, meaning that it is more feasible to have a single provider rather than multiple competing entities. This is due to the high costs associated with infrastructure and distribution, as well as the necessity for standardization and reliability. As such, public utilities are often subject to government regulation to ensure fair pricing, service quality, and accessibility.
Overall, public utilities play a crucial role in society by providing essential services that contribute to public welfare. Their importance and impact on daily life make them a key area of focus for government oversight and regulation.
Common Misspellings for PUBLIC UTILITY
- oublic utility
- lublic utility
- -ublic utility
- 0ublic utility
- pyblic utility
- phblic utility
- pjblic utility
- piblic utility
- p8blic utility
- p7blic utility
- puvlic utility
- punlic utility
- puhlic utility
- puglic utility
- pubkic utility
- pubpic utility
- puboic utility
- publuc utility
- publjc utility
Etymology of PUBLIC UTILITY
The term "public utility" is derived from the combination of two words: "public" and "utility".
The word "public" has its origins in the Latin word "publicus", which means "of the people" or "pertaining to the state". It entered the English language in the late 14th century and referred to something that is shared or open to all members of a community or society.
The word "utility" comes from the Old French word "utilité", which derives from the Latin word "utilitas", meaning "usefulness" or "profitability". It entered the English language in the late 15th century and refers to the quality of being useful or beneficial.
When combined, the term "public utility" refers to a service or facility that is provided by the government or privately owned but regulated by the government, for the benefit and usage of the general public.
Similar spelling words for PUBLIC UTILITY
- public lecture,
- public nudity,
- public school,
- public toilet,
- public transit,
- public housing,
- public domain,
- public figure,
- public debate,
- publication,
- public trust,
- public security,
- public lavatory,
- public charity,
- public office,
- public service,
- public opinion,
- public property,
- public debt,
- public library.
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