optimal output

optimal output

1. For a firm this usually means the output of the good that it produces that, when sold, maximizes profit. 2. For a country, this usually means the combination of different goods (and services) that it can produce that is worth the most at world prices, perhaps adjusted for any externalities.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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Industry/Domain: Water bodies Category: Lakes

Lake

A body of relatively still fresh or salt water of considerable size, localised in a basin that is surrounded by land. Lakes are inland and not part of ...