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The two resistors follow Ohm's law: The plot is a straight line through the origin. The other two devices do not follow Ohm's law. There are, however, components of electrical circuits which do not obey Ohm's law; that is, their relationship between current and voltage (their I–V curve) is nonlinear (or non-ohmic).
Aftermarket in economic literature refers to a secondary market for the goods and services that are complementary or related to the primary market goods, also known as original equipment). [ 1 ] [ 2 ] [ 3 ] In many industries, the primary market consists of durable goods , whereas the aftermarket consists of consumable or non-durable products ...
Ohm's law, in physics: the ratio of the potential difference (or voltage drop) between the ends of a conductor (and resistor) to the current flowing through it is a constant. Discovered by and named after Georg Simon Ohm (1789–1854).
Monopolistic market structures also engage in non-price competition because they are not price takers. Due to having rather fixed market prices, leading to inelastic demand, they engage in product differentiation. Monopolistic markets engage in non-price competition because of how the market is designed where the firm dominates the market.
Consumer protection law or consumer law is considered as an area of law that regulates private law relationships between individual consumers and the businesses that sell those goods and services. Consumer protection covers a wide range of topics, including but not necessarily limited to product liability , privacy rights , unfair business ...
In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that ...
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As a result of studying Kirchhoff's circuit laws and Ohm's law, he developed his famous theorem, Thévenin's theorem, [1] which made it possible to calculate currents in more complex electrical circuits and allowing people to reduce complex circuits into simpler circuits called Thévenin's equivalent circuits.