1 The people in the Blue table have the item and are willing to sell it for the price listed.
Definition. An ethical philosophy in which the happiness of the greatest number of people in the society is considered the greatest good. According to this philosophy, an action is morally right if its consequences lead to happiness (absence of pain), and wrong if it ends in unhappiness (pain).
Rating Newest Oldest. Best Answer: the greatest happiness principle is the standard at which utilitarians try to follow. It suggests doing things that will result in the greatest happiness for the greatest amount of people.-------According to utilitarianism, UTILITY is the only intrinsic good.