narrow-based

narrow-based definition - business

narrow-based

Of or relating to an index or other measuring device composed of a limited number of similar components. For example, the Dow Jones Transportation Average is narrow based because it is composed only of the stocks of transportation companies. Compare broad-based.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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