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Colloid: Short synonym for colloidal system. [ 10 ] [ 11 ] Colloidal : State of subdivision such that the molecules or polymolecular particles dispersed in a medium have at least one dimension between approximately 1 nm and 1 μm, or that in a system discontinuities are found at distances of that order.
Thermoeconomics, also referred to as biophysical economics, is a school of heterodox economics that applies the laws of statistical mechanics to economic theory. [1] Thermoeconomics can be thought of as the statistical physics of economic value [ 2 ] and is a subfield of econophysics .
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 ...
A steady-state economy is not to be confused with economic stagnation: Whereas a steady-state economy is established as the result of deliberate political action, economic stagnation is the unexpected and unwelcome failure of a growth economy. An ideological contrast to the steady-state economy is formed by the concept of a post-scarcity economy.
The economic life of rubber trees in plantations is around 32 years, with up to 7 years being an immature phase and about 25 years of productive phase. The soil requirement is well-drained, weathered soil consisting of laterite , lateritic types, sedimentary types, nonlateritic red or alluvial soils.
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
A colloid is a heterogeneous mixture where the dispersed particles have at least in one direction a dimension roughly between 1 nm and 1 μm or that in a system discontinuities are found at distances of that order. [8] A suspension is a heterogeneous dispersion of larger particles in a medium. Unlike solutions and colloids, if left undisturbed ...
The term economics was originally known as "political economy".This term evolved from the French Mercantilist usage of économie politique, which expanded the notion of economy from the ancient Greek concept of household management to the national level, as the public administration of state affairs.