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.
A subduction zone occurs at convergent plate margins where an oceanic plate is going underneath a continental plate or a less dense oceanic plate. A mid-ocean ridge is a diver â¦ gent plate boundary on the ocean floor with a mountain range and a rift running through the center of it.hat is the difference between volcanism at a hotspot and volcanism at mid-ocean ridge? At a hotspot, a plume of hot magma comes up through the mantle, causing vulcanism.