| Benefit: In philosophy, the term utility or “benefit” refers to an advantageous or valuable result or advantage that arises from a particular action, situation, or circumstance. The term is often considered in ethical or consequentialist contexts. In economics, the term is related to decisions and opportunities. See also Decision theory, Rational choice, Public choice, Opportunity cost._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |
