Minority Business. Development Agency. Mission Statement. The Minority Business Development Agency is an entrepreneurially-focused and innovative organization, committed to minority business enterprise and wealth creation.
Freebase (5.00 / 1 vote) Rate this definition: Mid-ocean ridge. A mid-ocean ridge is a general term for an underwater mountain system that consists of various mountain ranges, typically having a valley known as a rift running along its spine, formed by plate tectonics.
The mid-ocean ridges are made almost entirely of basalt, because this is where new oceanic lithosphere is being formed. In fact, oceanic plates in there entirety are made up a â¦ lmost entirely of basalt.(igneous rock).+ 18 others found this useful. Traci Johnson.he oldest rocks are located on continents, usually away from the ocean. The mid-ocean ridges are, in fact, home of some of the youngest rocks. The reason for this is wh â¦ at is called sea-floor spreading. Mid-ocean ridges form at places where oceanic plates diverge, or move apart.