Word of the day

The word for today is…

utilitarianism (noun) – 1. The belief that the value of a thing or an action is determined by its utility.
2. The ethical theory proposed by Jeremy Bentham and James Mill that all action should be directed toward achieving the greatest happiness for the greatest number of people.
3. The quality of being utilitarian.

Source : The Free Dictionary

Etymology : 1827, from utilitarian + -ism. The doctrine that the end of all action should be the greatest happiness of the greatest number.