Home >  Term: maximum economic yield (MEY)
maximum economic yield (MEY)

This is the total amount of profit that could be earned from a fishery if an individual owned it. An open-entry policy usually results in participation by so many fishermen that profits higher than opportunity cost (economic rent) are driven to zero.

0 0

Creator

  • J Thomas
  •  (Silver) 887 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.