Economics Supply And Demand Questions
Maximizing refers to the process of achieving the highest possible outcome or result, often in terms of quantity or profit. It involves making decisions that lead to the best possible outcome.
On the other hand, optimization refers to the process of finding the best possible solution or outcome within a given set of constraints. It involves analyzing various options and selecting the one that provides the highest level of efficiency or effectiveness.
In summary, maximizing focuses on achieving the highest outcome, while optimization focuses on finding the best solution within given constraints.