level of equilibrium
101nervous system — Anat., Zool. 1. the system of nerves and nerve centers in an animal or human, including the brain, spinal cord, nerves, and ganglia. 2. a particular part of this system. Cf. autonomic nervous system, central nervous system, peripheral nervous… …
102Thermodynamics — Annotated color version of the original 1824 Carnot heat engine showing the hot body (boiler), working body (system, steam), and cold body (water), the letters labeled according to the stopping points in Carnot cycle …
103Prices of production — refers to a concept in Karl Marx s critique of political economy. It is introduced in the third volume of Das Kapital, where Marx considers the operation of capitalist production as the unity of a production process and a circulation process… …
104Overshooting model — The Overshooting Model or Exchange rate overshooting, first developed by economist Rudi Dornbusch, aims to explain why exchange rates have a high variance. A key element of the model is that expectations of exchange rate changes are consistent… …
105glacier — glaciered, adj. /glay sheuhr/, n. an extended mass of ice formed from snow falling and accumulating over the years and moving very slowly, either descending from high mountains, as in valley glaciers, or moving outward from centers of… …
106Earth Sciences — ▪ 2009 Introduction Geology and Geochemistry The theme of the 33rd International Geological Congress, which was held in Norway in August 2008, was “Earth System Science: Foundation for Sustainable Development.” It was attended by nearly… …
107monopoly and competition — ▪ economics Introduction basic factors in the structure of economic markets.In economics monopoly and competition signify certain complex relations among firms in an industry. A monopoly implies an exclusive possession of a market by a… …
108Critical minimum effort theory — The critical minimum effort theory has been given by Harvey Leibenstein, in his book Economic Backwardness and Economic Growth. This theory relates to overpopulated and underdeveloped or developing nations such as India and Indonesia.This theory… …
109Enzyme — Biocatalyst redirects here. For the use of natural catalysts in organic chemistry, see Biocatalysis. Human glyoxalase I. Two zinc ions that are needed for the enzyme to catalyze its reaction are shown as purp …
110Okishio's theorem — is a mathematical theorem formulated by Japanese economist Nobuo Okishio. It has had a major impact on debates about Marx s theory of value. Intuitively, it can be understood as saying that if one capitalist raises his profits by introducing a… …
