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maximum efficient rate of production

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  • Golden Rule savings rate — In economics, the Golden Rule savings rate is the rate of savings which maximizes steady state growth consumption in the Solow growth model. It is a term attributedref|PhelpsAttribution to Edmund Phelps who wrote in 1961 that the Golden Rule do… …   Wikipedia

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  • India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • steel — steellike, adj. /steel/, n. 1. any of various modified forms of iron, artificially produced, having a carbon content less than that of pig iron and more than that of wrought iron, and having qualities of hardness, elasticity, and strength varying …   Universalium

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