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A variometer that produces this type of audible tone is known as an "audio variometer". Advanced electronic variometers in gliders can present other information to the pilot from GPS receivers. The display can thus show the bearing, distance and height required to reach an objective.
MacCready speed to fly ring for a variometer. The outer ring show various airspeeds, while the variometer shows climb rate. The index arrow, white triangle, on the ring is placed against the expected rate of climb at the next thermal. The variometer needle will then point to the optimum airspeed, listed on the ring, to be flown to that thermal.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
The measurable variables in economics are quantity, quality and distribution. Measuring quantity in economics follows the rules of measuring in physics. Quality as a variable refers to qualitative changes in the production process. Qualitative changes take place when relative of different constant-price input and output factors alter.
An economy [a] is an area of the production, distribution and trade, as well as consumption of goods and services.In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. [3]
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
An eagerly awaited jobs report released on January 10 — the first major economic report in the new year — showed employers adding a thriving 256,000 jobs to payrolls in December, exceeding the ...
The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods that can be exchanged. From this analysis came the concepts value in use and value in exchange.