What does capacity usage ratio mean?

capacity usage ratio meaning in Law Dictionary

metric always assess the price from which possible output levels are increasingly being met or utilized. Presented as a share, ability application levels give understanding of the overall slack this is certainly throughout the economy or a firm at certain stage.

capacity usage ratio meaning in Business Dictionary

Comparison of budgeted or projected wide range of working hours in a period of time therefore the actual or possible quantity of doing work hours in identical duration.