â¢ DEMO (noun). The noun DEMO has 1 sense: 1. a visual presentation showing how something works. Familiarity information: DEMO used as a noun is very rare. â¢ DEMO (verb). The verb DEMO has 1 sense: 1. show or demonstrate something to an interested audience. Familiarity information: DEMO used as a verb is very rare.
1 Have independent utility or independent significance, i.e., be usable and be a reasonable expenditure even if no additional transportation improvements in the area are made; and.  Not restrict consideration of alternatives for other reasonably foreseeable transportation improvements.
Before we can delve into marginal utility, we first need to understand the basics of utility. The Glossary of Economics Terms defines utility as: Utility is the economist's way of measuring pleasure or happiness and how it relates to the decisions that people make. Utility measures the benefits (or drawbacks) from consuming a good or service or from working.