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SIUI develops and manufactures a variety of ultrasound imaging systems and accessories for both human and veterinary use, and NDT equipment including phased-array ultrasonic flaw detector, [3] conventional flaw detector, [4] thickness gauge, probes [5] and accessories. The company is currently organized into three product category divisions ...
In economics, the theory of imputation, first expounded by Carl Menger, maintains that factor prices are determined by output prices [6] (i.e. the value of factors of production is the individual contribution of each in the final product, but its value is the value of the last contributed to the final product (the marginal utility before reaching the point Pareto optimal).
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 ...
Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...
Basic tools of econophysics are probabilistic and statistical methods often taken from statistical physics.. Physics models that have been applied in economics include the kinetic theory of gas (called the kinetic exchange models of markets [7]), percolation models, chaotic models developed to study cardiac arrest, and models with self-organizing criticality as well as other models developed ...
Criticisms of the labor theory of value affect the historical concept of labor theory of value (LTV) which spans classical economics, liberal economics, Marxian economics, neo-Marxian economics, and anarchist economics. As an economic theory of value, LTV is widely attributed to Marx and Marxian economics despite Marx himself pointing out the ...
If the material contains a crack or flaw which make the spatial distribution of the electrical conductivity nonuniform, the path of the eddy currents is perturbed and the impedance of the coil which generates the AC magnetic field is modified. By measuring the impedance of this coil, a crack can hence be detected.
Innovation economics emerges from other schools of thought in economics, including new institutional economics, new growth theory, endogenous growth theory, evolutionary economics and neo-Schumpeterian economics. It provides an economic framework that explains and helps support growth in today's knowledge economy. Leading theorists of ...