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In economics, the law of increasing costs is a principle that states that to produce an increasing amount of a good a supplier must give up greater and greater amounts of another good. The best way to look at this is to review an example of an economy that only produces two things - cars and oranges. If all the resources of the economy are put ...
v. t. e. In futures studies and the history of technology, accelerating change is the observed exponential nature of the rate of technological change in recent history, which may suggest faster and more profound change in the future and may or may not be accompanied by equally profound social and cultural change.
Exponential growth. Exponential growth is a process that increases quantity over time at an ever-increasing rate. It occurs when the instantaneous rate of change (that is, the derivative) of a quantity with respect to time is proportional to the quantity itself. Described as a function, a quantity undergoing exponential growth is an exponential ...
Kleiber's plot comparing body size to metabolic rate for a variety of species. [ 1] Kleiber's law, named after Max Kleiber for his biology work in the early 1930s, is the observation that, for the vast majority of animals, an animal's metabolic rate scales to the 3⁄4 power of the animal's mass. [ 2] More recently, Kleiber's law has also been ...
An example would be a factory increasing its saleable product, but also increasing its CO 2 production, for the same input increase. [2] The law of diminishing returns is a fundamental principle of both micro and macro economics and it plays a central role in production theory .
The cost of reproduction hypothesis posits that reproduction (and increased reproductive effort) is costly in terms of future survival and reproduction. [1] These costs may be exacerbated in certain organisms, such as first--time breeders. [2] Along with the idea that organisms are selected to maximize lifetime reproductive success, [3] this ...
Notable economists. Lists. Business portal. Money portal. v. t. e. The tragedy of the commons is the concept which states that if many people enjoy unfettered access to a finite, valuable resource such as a pasture, they will tend to overuse it and may end up destroying its value altogether. Even if some users exercised voluntary restraint, the ...
Liebig's law has been extended to biological populations (and is commonly used in ecosystem modelling). For example, the growth of an organism such as a plant may be dependent on a number of different factors, such as sunlight or mineral nutrients (e.g., nitrate or phosphate). The availability of these may vary, such that at any given time one ...