excluded utility
[ɪkˈskluːdɪd juːˈtɪlɪti]
nounpl: excluded utilities
utilidade excluída
1. In economics and consumer theory, a good or service that is deliberately excluded from consideration in a utility function or consumption bundle, often due to budget constraints, legal restrictions, or preference exclusions.
The excluded utility in this analysis refers to luxury goods that fall outside the consumer's budget consideration.
A utilidade excluída nesta análise refere-se aos bens de luxo que ficam fora da consideração orçamentária do consumidor.
2. In regulatory or legal contexts, the benefit or satisfaction derived from something that is explicitly not permitted or not counted in a calculation or entitlement.
Certain services were treated as excluded utility under the insurance policy terms.
Certos serviços foram tratados como utilidade excluída nos termos da apólice de seguros.
This is primarily an academic and technical term used in economic theory, insurance law, and regulatory contexts in both Brazil and the United States. It is not commonly used in everyday conversation but is standard in university economics courses, legal documents, and policy analysis. In Brazil, it appears frequently in translations of international economic texts and in academic publications.
Related Idioms & Phrases
outside the utility function
excluded from consideration
outside the budget envelope
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