Home > Term: इष्टतम
इष्टतम
As good as it gets, given the constraints you are operating within. For the concept of optimum to mean anything, there must be both a goal, say, to maximize economic welfare, and a set of constraints, such as an available stock of scarce economic resources. Optimizing is the process of doing the best you can in the circumstances.
- Part of Speech: noun
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
0
Creator
- mitraashutosh
- 100% positive feedback
(India)