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Mode of production (German: Produktionsweise) means the dominant way in which production is organised in society. For instance, " capitalism " is the name for the capitalist mode of production in which the means of production are owned privately by a small class (the bourgeoisie) who profits off the labor of the working class (the proletariat).
Labor-power might be seen as a stock which can produce a flow of labor. Labor, not labor power, is the key factor of production for Marx and the basis for earlier economists' labor theory of value. The hiring of labor power only results in the production of goods or services ("use-values") when organized and regulated (often by the "management ...
The Stolper–Samuelson theorem is a theorem in Heckscher–Ohlin trade theory. It describes the relationship between relative prices of output and relative factor returns—specifically, real wages and real returns to capital. The theorem states that—under specific economic assumptions (constant returns to scale, perfect competition ...
Factor price equalization. Factor price equalization is an economic theory, by Paul A. Samuelson (1948), which states that the prices of identical factors of production, such as the wage rate or the rent of capital, will be equalized across countries as a result of international trade in commodities. The theorem assumes that there are two goods ...
Knowing the wind sampling average is important, as the value of a one-minute sustained wind is typically 14% greater than a ten-minute sustained wind. [15] A short burst of high speed wind is termed a wind gust; one technical definition of a wind gust is: the maxima that exceed the lowest wind speed measured during a ten-minute time interval by ...
Atmospheric circulation. Atmospheric circulation is the large-scale movement of air and together with ocean circulation is the means by which thermal energy is redistributed on the surface of the Earth. The Earth's atmospheric circulation varies from year to year, but the large-scale structure of its circulation remains fairly constant.
Wind gradient. In common usage, wind gradient, more specifically wind speed gradient[1] or wind velocity gradient, [2] or alternatively shear wind, [3] is the vertical component of the gradient of the mean horizontal wind speed in the lower atmosphere. [4] It is the rate of increase of wind strength with unit increase in height above ground ...
The term originally derives from the early fourteenth century sense of trade (in late Middle English) still often meaning "path" or "track". [2] The Portuguese recognized the importance of the trade winds (then the volta do mar, meaning in Portuguese "turn of the sea" but also "return from the sea") in navigation in both the north and south Atlantic Ocean as early as the 15th century. [3]