Minimum efficient scale

 

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Minimum efficient scale

The smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scale.



Similar Matches

Efficient capital market

Efficient capital market

A market in which new information is very quickly reflected accurately in share prices.


Efficient allocation

Efficient allocation

An allocation that it is impossible unambiguously to improve upon, in the sense of producing more of one good without producing less of another.


Information Coefficient (IC)

Information Coefficient (IC)

The correlation between predicted and actual stock returns, sometimes used to measure the contribution of a financial analyst. An IC of 1.0 indicates a perfect linear relationship between predicted and actual returns, while an IC of 0.0 indicates no linear relationship.


Gini Coefficient

Gini Coefficient

A measure of income inequality within a population, ranging from zero for complete equality, to one if one person has all the income. It is defined as the area between the Lorenz Curve and the diagonal, divided by the total area under the diagonal.


Efficient market

Efficient market

A market in which, at a minimum, current price changes are independent of past price changes, or, more strongly, price reflects all (publicly) available information. Some believe foreign exchange markets to be efficient, which in turn implies that future exchange rates cannot profitably be predicted.


Further Suggestions

Efficient set
Coefficient of Variation
Correlation coefficient
Regression coefficient
efficient market theory
Efficient diversification
Internally efficient market
Operationally efficient market
Efficient markets theory(EMT)
Coefficient of determination
Inefficient portfolio
Earnings response coefficient
Efficient frontier
Efficient market


 
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