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The joule (pronounced / ˈdʒuːl /, JOOL or / ˈdʒaʊl / JOWL; symbol: J) is the unit of energy in the International System of Units (SI). [1] It is equal to the amount of work done when a force of one newton displaces a mass through a distance of one metre in the direction of that force. It is also the energy dissipated as heat when an ...
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics. Some of its application to the study of financial markets has also been ...
Thus, one joule is one watt-second, and 3600 joules equal one watt-hour. The CGS energy unit is the erg and the imperial and US customary unit is the foot pound . Other energy units such as the electronvolt , food calorie or thermodynamic kcal (based on the temperature change of water in a heating process), and BTU are used in specific areas of ...
Power in mechanical systems is the combination of forces and movement. In particular, power is the product of a force on an object and the object's velocity, or the product of a torque on a shaft and the shaft's angular velocity. Mechanical power is also described as the time derivative of work.
In addition to their use in thermodynamics, they are important fundamental laws of physics in general and are applicable in other natural sciences. Traditionally, thermodynamics has recognized three fundamental laws, simply named by an ordinal identification, the first law, the second law, and the third law.
Between 1840 and 1843, Joule carefully studied the heat produced by an electric current. From this study, he developed Joule's laws of heating, the first of which is commonly referred to as the Joule effect. Joule's first law expresses the relationship between heat generated in a conductor and current flow, resistance, and time. [1]
A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good (law of demand), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...
Energy is defined via work, so the SI unit of energy is the same as the unit of work – the joule (J), named in honour of James Prescott Joule [1] and his experiments on the mechanical equivalent of heat. In slightly more fundamental terms, 1 joule is equal to 1 newton metre and, in terms of SI base units. An energy unit that is used in atomic ...