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Newton's second law is sometimes presented as a definition of force, i.e., a force is that which exists when an inertial observer sees a body accelerating. In order for this to be more than a tautology — acceleration implies force, force implies acceleration — some other statement about force must also be made.
Hooke's law states that the force required to deform elastic objects should be directly proportional to the distance of deformation, regardless of how large that distance becomes. This is known as perfect elasticity , in which a given object will return to its original shape no matter how strongly it is deformed.
Broad. In physics, laws exclusively refer to the broad domain of matter, motion, energy, and force itself, rather than more specific systems in the universe, such as living systems, e.g. the mechanics of the human body. [10] The term "scientific law" is traditionally associated with the natural sciences, though the social sciences also contain ...
The Lorentz force, on the other hand, is a physical effect that occurs in the vicinity of electrically neutral, current-carrying conductors causing moving electrical charges to experience a magnetic force. The Lorentz force law states that a particle of charge q moving with a velocity v in an electric field E and a magnetic field B experiences ...
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 example in economics is "If the price of milk falls, ceteris paribus, the quantity of milk demanded will rise." This means that, if other factors, such as deflation, pricing objectives, utility, and marketing methods, do not change, the decrease in the price of milk will lead to an increase in demand for it.
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Marginalism is an economic theory and method of analysis that suggests that individuals make economic decisions by weighing the benefits of consuming an additional unit of a good or service against the cost of acquiring it. In other words, value is determined by the additional utility of satisfaction provided by each extra unit consumed.