1. The best. Usually refers to a most preferred choice by consumers subject to a budget constraint, a profit maximizing choice by firms or industry subject to a technological constraint, or in general equilibrium, a complete allocation of factors and goods that in some sense maximizes welfare. 2. As an adjective, same as optimal.

Related information about optimum:

1. Optimum Online
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7. optimum - definition of optimum by the Free Online Dictionary ...
   n. pl. op·ti·ma (-m ) or op·ti·mums. 1. The point at which the condition, degree, or amount of something is the most favorable. 2. Biology The most favorable ...
    
8. Optimum Healthcare Inc.
   Oct 1, 2012 ... Optimum Healthcare is a Coordinated Care plan with a Medicare Advantage contract and a contract with the Florida Medicaid program.