optimize
DefinitionTo position an economic entity such that it functions as well as possible given constraints that it might be subject to. In economic theory, it is generally assumed that all economic agents are rational and show optimizing behavior, although this is rarely the case in reality.
This content can be found on the following page:
optimize is ...
... part of the Economy subject.
... part of the Economy subject.
Related Terms
optimize appears in the definitions of these other terms on BusinessDictionary.com
Loading...
| |
Get our content on your iGoogle page
RSS