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What does optimality mean?

Looking for the meaning or definition of the word optimality? Here's what it means.

Noun
  1. The property of being optimal.
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Examples
But countries often face difficulties satisfying these optimality conditions.
The concepts of avoidability and optimality can lead to quite different outcomes.
Even if two biological parents statistically provide the optimal parenting situation, optimality is too high a standard for permitting parenting.
Conversely, in a macroeconomic approach, the question of the optimality and the sustainability of such imbalances is a pressing issue.
However, this optimality property does not hold for heteroscedastic models.
On the contrary, it would violate individual property rights on grounds of presumed optimality.

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