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nyttan

Nyttan is a Swedish noun meaning usefulness, benefit, or value derived from something. It denotes the positive outcome that a person, group, or society gains from an action, policy, or object.

Etymology and usage: The word is related to the adjective nyttig (useful) and to nytta, the broader

In economics and policy discussions, the term is commonly used to describe the benefits produced by choices.

Examples: The nyttan of cycling to work includes health improvements, time savings, and reduced transport costs.

In Swedish, related terms include nytta and nyttig, and the concept is central to discussions of evaluation,

concept
of
usefulness.
In
everyday
language,
nyttan
often
refers
to
the
practical
benefits
of
a
decision
in
a
concrete
context,
while
nytta
tends
to
be
the
more
general
notion
of
usefulness
or
satisfaction.
The
standard
economic
concept
of
utility
is
usually
expressed
with
nytta;
nyttan
can
describe
the
realized
gains
associated
with
a
particular
choice,
and
appears
in
phrases
such
as
the
nyttan
av
investeringar
or
in
cost-benefit
discussions
as
kostnads-nyttoanalys.
The
nyttan
of
adopting
energy-efficient
technologies
may
include
lower
energy
bills
and
reduced
emissions.
The
term
is
also
used
in
philosophy
and
welfare
economics
to
discuss
how
benefits
are
distributed
and
weighed
against
costs.
decision-making,
and
policy
analysis.