Classical economicsClassical economics, classical political economy, or Smithian economics is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill. These economists produced a theory of market economies as largely self-regulating systems, governed by natural laws of production and exchange (famously captured by Adam Smith's metaphor of the invisible hand).
Mass productionMass production, also known as flow production or continuous production, is the production of substantial amounts of standardized products in a constant flow, including and especially on assembly lines. Together with job production and batch production, it is one of the three main production methods. The term mass production was popularized by a 1926 article in the Encyclopædia Britannica supplement that was written based on correspondence with Ford Motor Company.
Production (economics)Production is the process of combining various inputs, both material (such as metal, wood, glass, or plastics) and immaterial (such as plans, or knowledge) in order to create output. Ideally this output will be a good or service which has value and contributes to the utility of individuals. The area of economics that focuses on production is called production theory, and it is closely related to the consumption (or consumer) theory of economics. The production process and output directly result from productively utilising the original inputs (or factors of production).
Production functionIn economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production function is one of the key concepts of mainstream neoclassical theories, used to define marginal product and to distinguish allocative efficiency, a key focus of economics. One important purpose of the production function is to address allocative efficiency in the use of factor inputs in production and the resulting distribution of income to those factors, while abstracting away from the technological problems of achieving technical efficiency, as an engineer or professional manager might understand it.
Lift (force)A fluid flowing around an object exerts a force on it. Lift is the component of this force that is perpendicular to the oncoming flow direction. It contrasts with the drag force, which is the component of the force parallel to the flow direction. Lift conventionally acts in an upward direction in order to counter the force of gravity, but it is defined to act perpendicular to the flow and therefore can act in any direction. If the surrounding fluid is air, the force is called an aerodynamic force.
Gravity anomalyThe gravity anomaly at a location on the Earth's surface is the difference between the observed value of gravity and the value predicted by a theoretical model. If the Earth were an ideal oblate spheroid of uniform density, then the gravity measured at every point on its surface would be given precisely by a simple algebraic expression. However, the Earth has a rugged surface and non-uniform composition, which distorts its gravitational field.
Integral equationIn mathematics, integral equations are equations in which an unknown function appears under an integral sign. In mathematical notation, integral equations may thus be expressed as being of the form: where is an integral operator acting on u. Hence, integral equations may be viewed as the analog to differential equations where instead of the equation involving derivatives, the equation contains integrals.
Sediment transportSediment transport is the movement of solid particles (sediment), typically due to a combination of gravity acting on the sediment, and the movement of the fluid in which the sediment is entrained. Sediment transport occurs in natural systems where the particles are clastic rocks (sand, gravel, boulders, etc.), mud, or clay; the fluid is air, water, or ice; and the force of gravity acts to move the particles along the sloping surface on which they are resting.
Heat transfer coefficientIn thermodynamics, the heat transfer coefficient or film coefficient, or film effectiveness, is the proportionality constant between the heat flux and the thermodynamic driving force for the flow of heat (i.e., the temperature difference, ΔT ). It is used in calculating the heat transfer, typically by convection or phase transition between a fluid and a solid. The heat transfer coefficient has SI units in watts per square meter per kelvin (W/m2/K).
Atmospheric instabilityAtmospheric instability is a condition where the Earth's atmosphere is considered to be unstable and as a result local weather is highly variable through distance and time. Atmospheric stability is a measure of the atmosphere's tendency to discourage vertical motion, and vertical motion is directly correlated to different types of weather systems and their severity. In unstable conditions, a lifted thing, such as a parcel of air will be warmer than the surrounding air. Because it is warmer, it is less dense and is prone to further ascent.
CyclogenesisCyclogenesis is the development or strengthening of cyclonic circulation in the atmosphere (a low-pressure area). Cyclogenesis is an umbrella term for at least three different processes, all of which result in the development of some sort of cyclone, and at any size from the microscale to the synoptic scale. Tropical cyclones form due to latent heat driven by significant thunderstorm activity, developing a warm core. Extratropical cyclones form as waves along weather fronts before occluding later in their life cycle as cold core cyclones.
LakeA lake is a naturally occurring, relatively large body of water localized in a basin surrounded by dry land. A lake generally has a slower-moving flow than the inflow or outflow stream(s) that serve to feed or drain it. Lakes lie completely on land and are separate from the ocean, although, like the much larger oceans, they form part of the Earth's water cycle by serving as large standing pools of storage water. Most lakes are freshwater and account for almost all the world's surface freshwater, but some are salt lakes with salinities even higher than that of seawater.
