"first best" meaning in English

See first best in All languages combined, or Wiktionary

Adjective

Head templates: {{en-adj|-}} first best (not comparable)
  1. (economics) Characterized by all optimality conditions being satisfiable. Tags: not-comparable Categories (topical): Economics
    Sense id: en-first_best-en-adj-n294NYwW Categories (other): English entries with incorrect language header, Pages with 1 entry, Pages with entries Disambiguation of English entries with incorrect language header: 55 45 Disambiguation of Pages with 1 entry: 54 46 Disambiguation of Pages with entries: 54 46 Topics: economics, sciences
The following are not (yet) sense-disambiguated
Synonyms: first-best

Noun

Forms: first bests [plural]
Head templates: {{en-noun}} first best (plural first bests)
  1. (economics) A situation where all optimality conditions are satisfied. Categories (topical): Economics Related terms: second best, third best
    Sense id: en-first_best-en-noun-FO7iNyme Categories (other): English entries with incorrect language header, Pages with 1 entry, Pages with entries Disambiguation of English entries with incorrect language header: 55 45 Disambiguation of Pages with 1 entry: 54 46 Disambiguation of Pages with entries: 54 46 Topics: economics, sciences
The following are not (yet) sense-disambiguated
Synonyms: first-best

Inflected forms

Alternative forms

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          "text": "Here the government should avoid any policy that affects the workers' decision rules since it would harm efficiency, and the first-best way of pursuing distributional goals is through lump-sum transfers.",
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        "(economics) Characterized by all optimality conditions being satisfiable."
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Download raw JSONL data for first best meaning in English (2.0kB)


This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-12-03 from the enwiktionary dump dated 2024-11-21 using wiktextract (94ba7e1 and 5dea2a6). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

If you use this data in academic research, please cite Tatu Ylonen: Wiktextract: Wiktionary as Machine-Readable Structured Data, Proceedings of the 13th Conference on Language Resources and Evaluation (LREC), pp. 1317-1325, Marseille, 20-25 June 2022. Linking to the relevant page(s) under https://kaikki.org would also be greatly appreciated.