capacity

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Related to capacitive: capacitive load, Capacitive reactance

Capacity

Credit grantors' measurement of a person's ability to repay loans.

Capacity

The theoretical maximum number of products a company can produce at a given time. For example, an oil pump may have a capacity of X barrels per day, meaning that it cannot produce more than X. Companies rarely operate at full capacity, both to allow themselves leeway in the event of increased demand and because capacity may not be possible at a given time because of worker illness, machinery maintenance, or other reasons.

capacity

the maximum amount of output that a firm is physically capable of producing, at a point in time, given the fullest and most efficient use of its existing plant or plants.

Over time, a firm may adjust its capacity to meet changes in demand and the competitive situation facing it, investing in new plant or extending existing plant to meet an increase in demand, or closing down plant, permanently or temporarily (‘MOTHBALLING’), to meet a situation of OVERCAPACITY.

When preparing a PRODUCTION BUDGET, it is necessary to ensure that the firm has sufficient production capacity to meet planned output levels. A firm's capacity or the capacity of industry in general may be limited by the availability of capital equipment and labour.

The maximum rate of output which the firm can produce will depend upon the capacity of its individual factories which in turn depends upon the capacity of various departments and work stations within each factory See INPUT-OUTPUT CONTROL, PRODUCTION SCHEDULING, PRODUCTION-LINE BALANCING. See CAPACITY UTILIZATION, LIMITING FACTOR, RATIONALIZATION, INDIVISIBILITIES, CAPACITY CONSTRAINED RESOURCE, CAPACITY CONTROL, CAPACITY CUSHION, CAPACITY PLANNING, CAPACITY REQUIREMENTS PLANNING.

capacity

  1. 1the maximum amount of output that a firm or industry is physically capable of producing given the fullest and most efficient use of its existing plant. In microeconomic theory, the concept of full capacity is specifically related to the cost structures of firms and industries. Industry output is maximized (i.e. full capacity is attained) when all firms produce at the minimum point on their long-run average total cost curves (see PERFECT COMPETITION). If firms fail to produce at this point, then the result is EXCESS CAPACITY.
  2. in macroeconomics, capacity refers to POTENTIAL GROSS NATIONAL PRODUCT. The percentage relationship of actual output in the economy to capacity (i.e. potential national income) shows capacity utilization. See also MONOPOLISTIC COMPETITION.

capacity

The legal ability of parties to enter into contracts.
• Full capacity. Having unlimited ability to enter into binding contracts of all types.
• Limited capacity. Having the ability to enter into binding contracts for certain things, such as a minor's contracts for necessities, but also having the ability to disaffirm other contracts upon reaching legal age, for example.
• No capacity. Having no ability to enter into contracts, such as one who has been adjudicat- ed as mentally incompetent.

References in periodicals archive ?
Different operating modes of the capacitive sensors are also discussed in the report.
According to 3M, metal mesh conductor technology is widely used in the construction of projected capacitive touch sensors for consumer and commercial applications.
The proposed structure consists of the CPW feeding structure, a pair of coupled capacitive strips, the shorting structure, a double-layer meander line, and the ground plane for the transceiver circuits or the battery.
[1], there is a need for the angular position and speed of a shaft to be measured using different types of capacitive sensors.
It sports a capacitive touchscreen and is powered by a dual-core Cortex 9 chipset with 1GB of RAM.
Capacitive Sensor Market by Sensor Type (Touch Sensor (Displays & Input Devices), Motion Sensor (Accelerometer, Gyroscope & Magnetometer), Position Sensor (Displacement & Proximity Sensor)), Industry, and Geography - Global Forecast to 2022
[USPRwire, Sun Jan 10 2016] Capacitive screen displays rely on the electrical properties of the human body to detect touches.
The VACUU VIEW model has a capacitive transducer for absolute pressure readings from atmosphere to 0.1 mbar/hPa with user-selectable units.
Texas Instruments (TI) (Dallas, TX) has introduced a capacitive sensing integrated circuit (1C) family that is immune to environmental noise from sources such as radios, power supplies, lights, and motors.
Under the terms of the deal, Cypress will continue to provide TrueTouch capacitive touchscreen solutions to automotive, industrial and home appliance customers.
The contract is to evaluate multi-year collaboration activities between the two firms to jointly develop new application-specific, next-generation capacitive energy storage solutions that meet the unique application requirements of CRRC-SRI's customers in the Chinese rail market.