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A circle with an equilateral chord (red). One sixtieth of this arc is a degree. Six such chords complete the circle. [6] The original motivation for choosing the degree as a unit of rotations and angles is unknown. One theory states that it is related to the fact that 360 is approximately the number of days in a year.
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 comprehensive definition could be: "Circular economy is an economic system that targets zero waste and pollution throughout materials lifecycles, from environment extraction to industrial transformation, and final consumers, applying to all involved ecosystems.
The mainstream economic models of the 20th century, defined here as those taught the most in Economics introductory courses around the world, are neoclassical. The Circular Flow published by Paul Samuelson in 1944 and the supply and demand curves published by William S. Jevons in 1862 are canonical examples of neoclassical economic models ...
One radian is defined as the angle at the center of a circle in a plane that subtends an arc whose length equals the radius of the circle. [6] More generally, the magnitude in radians of a subtended angle is equal to the ratio of the arc length to the radius of the circle; that is, =, where θ is the magnitude in radians of the subtended angle, s is arc length, and r is radius.
Angle AOB is a central angle. A central angle is an angle whose apex (vertex) is the center O of a circle and whose legs (sides) are radii intersecting the circle in two distinct points A and B. Central angles are subtended by an arc between those two points, and the arc length is the central angle of a circle of radius one (measured in radians). [1]
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
Basis of trigonometry: if two right triangles have equal acute angles, they are similar, so their corresponding side lengths are proportional.. In mathematics, the trigonometric functions (also called circular functions, angle functions or goniometric functions) [1] are real functions which relate an angle of a right-angled triangle to ratios of two side lengths.