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A monopile foundation utilizes a single, generally large-diameter, foundation structural element to support all the loads (weight, wind, etc.) of a large above-surface structure. A large number of monopile foundations [ 1 ] have been utilized in recent years for economically constructing fixed-bottom offshore wind farms in shallow-water subsea ...
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 ...
In contrast to Smith's own usage, the "invisible hand" today is often seen as being specifically about the benefits of voluntary transactions in a free market, and is treated as a generalizable rule. Paul Samuelson's comments in his Economics textbook in 1948 made the term popular and gave it a new meaning. The phrase was not originally ...
Construction equipment being used to dig up rocky ground. Although humans are capable of digging in sand and soil using their bare hands, digging is often more easily accomplished with tools. The most basic tool for digging is the shovel. [1] In neolithic times and earlier, a large animal's scapula (shoulder blade) was often used as a crude ...
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [1] giving macroeconomics a central place in economic theory and contributing much of its terminology [2] – the "Keynesian Revolution".
In economics the "visible hand" is generally considered to be the macro-fiscal policy of John Keynes that emerged in the 1930s as a remedy for the shortcomings of Adam Smith's "invisible hand" and advocated government intervention in the economy. [4] Actually, Smith already identified the disadvantages of the "invisible hand". [5]
Phasing a site represents reducing the site either in excavation or post-excavation to contemporaneous horizons whereas "digging in phase" is the process of stratigraphic removal of archaeological remains so as not to remove contexts that are earlier in time "lower in the sequence" before other contexts that have a latter physical stratigraphic ...
A trial pit (or test pit) is an excavation of ground in order to study or sample the composition and structure of the subsurface, usually dug during a site investigation, a soil survey or a geological survey. [1] Trial pits are dug before the construction. They are dug to determine the geology and the water table of that site.