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Vor 5 Tagen · His book A Treatise on Political Economy (1803) contained a brief passage, which later became orthodoxy in political economics until the Great Depression, now known as Say's Law of markets. Say argued that there could never be a general deficiency of demand or a general glut of commodities in the whole economy .
Vor 5 Tagen · The video delves into the historical significance of Say's Law, originating from Jean Baptist Say in 1803, debunking misconceptions and exploring its relevance in market dynamics and business cycles.
Vor 5 Tagen · Maxwell's equations explain how these waves can physically propagate through space. The changing magnetic field creates a changing electric field through Faraday's law. In turn, that electric field creates a changing magnetic field through Maxwell's modification of Ampère's circuital law.
4. Okt. 2024 · Say's Law implies that: A. The economy will not experience a long-term decrease in output. B. Economic instability requires government intervention. C. Flexible wages and prices require government intervention. D. The economy is unlikely to attain full employment.
12. Okt. 2024 · Moore’s law, prediction made by American engineer Gordon Moore in 1965 that the number of transistors per silicon chip doubles every year. For a special issue of the journal Electronics, Moore was asked to predict developments over the next decade.
Vor 4 Tagen · Newton's laws of motion are three physical laws that describe the relationship between the motion of an object and the forces acting on it. These laws, which provide the basis for Newtonian mechanics, can be paraphrased as follows: A body remains at rest, or in motion at a constant speed in a straight line, except insofar as it is ...
Vor 2 Tagen · Snell's law, also known as the law of refraction, is a law stating the relationship between the angles of incidence and refraction, when referring to light passing from one medium to another medium such as air to water, glass to air, etc.
