Compact Sets <Back to Last Page>     <Full Glossary>

Definition of Compact Sets: A set is compact if it is closed and bounded.

The concept comes up most often in economics in the context of a theory in which a function must be maximized. Continuous functions that are well defined on a compact domain have a maximum and minimum; this is the Weierstrauss Theorem. Noncontinuous functions, or functions on a noncompact domain, may not. (Econterms)

Terms related to Compact Sets:

• Weierstrauss Theorem

About.Com Resources on Compact Sets:
None

Writing a Term Paper? Here are a few starting points for research on Compact Sets:

Books on Compact Sets:
None

Journal Articles on Compact Sets:
None

<Return to Main Page>