Concentration of Utility

Concentration of utility refers to how much a particular group or individual derives satisfaction or benefit from a good or service. When utility is concentrated, it means that only a small number of people gain most of the satisfaction, while others benefit less. This concept helps analyze how benefits or preferences are distributed within a market or society, highlighting whether consumption or benefits are widely shared or concentrated among a few. It’s useful in understanding economic disparities, market power, and the distribution of resources or advantages among different groups.