Economic calculation problemThe economic calculation problem (sometimes abbreviated ECP) is a criticism of using economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek. In his first article, Mises described the nature of the price system under capitalism and described how individual subjective values (while criticizing other theories of value) are translated into the objective information necessary for rational allocation of resources in society.
FractionA fraction (from fractus, "broken") represents a part of a whole or, more generally, any number of equal parts. When spoken in everyday English, a fraction describes how many parts of a certain size there are, for example, one-half, eight-fifths, three-quarters. A common, vulgar, or simple fraction (examples: and ) consists of an integer numerator, displayed above a line (or before a slash like ), and a non-zero integer denominator, displayed below (or after) that line.
Algebraic fractionIn algebra, an algebraic fraction is a fraction whose numerator and denominator are algebraic expressions. Two examples of algebraic fractions are and . Algebraic fractions are subject to the same laws as arithmetic fractions. A rational fraction is an algebraic fraction whose numerator and denominator are both polynomials. Thus is a rational fraction, but not because the numerator contains a square root function. In the algebraic fraction , the dividend a is called the numerator and the divisor b is called the denominator.
Put optionIn finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the underlying), at a specified price (the strike), by (or on) a specified date (the expiry or maturity) to the writer (i.e. seller) of the put. The purchase of a put option is interpreted as a negative sentiment about the future value of the underlying stock. The term "put" comes from the fact that the owner has the right to "put up for sale" the stock or index.
Glossary of viticulture termsThis glossary of viticultural terms list some of terms and definitions involved in growing grapes for use in winemaking.
Ukrainian alphabetThe Ukrainian alphabet (abetka, azbuka alfavit) is the set of letters used to write Ukrainian, which is the official language of Ukraine. It is one of several national variations of the Cyrillic script. It comes from the Cyrillic script, which was devised in the 9th century for the first Slavic literary language, called Old Slavonic. In the 10th century, it became used in Kievan Rus' to write Old East Slavic, from which the Belarusian, Russian, Rusyn, and Ukrainian alphabets later evolved.
Photon polarizationPhoton polarization is the quantum mechanical description of the classical polarized sinusoidal plane electromagnetic wave. An individual photon can be described as having right or left circular polarization, or a superposition of the two. Equivalently, a photon can be described as having horizontal or vertical linear polarization, or a superposition of the two. The description of photon polarization contains many of the physical concepts and much of the mathematical machinery of more involved quantum descriptions, such as the quantum mechanics of an electron in a potential well.
Feynman diagramIn theoretical physics, a Feynman diagram is a pictorial representation of the mathematical expressions describing the behavior and interaction of subatomic particles. The scheme is named after American physicist Richard Feynman, who introduced the diagrams in 1948. The interaction of subatomic particles can be complex and difficult to understand; Feynman diagrams give a simple visualization of what would otherwise be an arcane and abstract formula.
Data integrationData integration involves combining data residing in different sources and providing users with a unified view of them. This process becomes significant in a variety of situations, which include both commercial (such as when two similar companies need to merge their databases) and scientific (combining research results from different bioinformatics repositories, for example) domains. Data integration appears with increasing frequency as the volume (that is, big data) and the need to share existing data explodes.
Glossary of winemaking termsThis glossary of winemaking terms lists some of terms and definitions involved in making wine, fruit wine, and mead. Acetaldehyde The main aldehyde found in wines, most notably Sherry. Acetic acid One of the primary volatile acids in wine. Acetification The process through which acetic acid is produced in wine. Acetobacter A bacterium found in wine that causes acetification resulting in the conversion of wine to vinegar. Acidity The quality of wine that gives it its crispiness and vitality.
Enterprise integrationEnterprise integration is a technical field of enterprise architecture, which is focused on the study of topics such as system interconnection, electronic data interchange, product data exchange and distributed computing environments. It is a concept in enterprise engineering to provide the relevant information and thereby enable communication between people, machines and computers and their efficient co-operation and co-ordination.
1998 Winter OlympicsThe 1998 Winter Olympics, officially known as the XVIII Olympic Winter Games and commonly known as Nagano 1998 (長野1998), was a winter multi-sport event held from 7 to 22 February 1998, mainly in Nagano, Japan, with some events taking place in the nearby mountain communities of Hakuba, Karuizawa, Nozawa Onsen, and Yamanouchi. The city of Nagano had previously been a candidate to host the 1940 Winter Olympics (which were later cancelled), as well as the 1972 Winter Olympics, but had been eliminated at the national level by Sapporo on both occasions.
