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The watch shall be placed on a heated plate at a temperature between 40 °C and 45 °C until the watch has reached the temperature of the heated plate (in practice, a heating time of 10 minutes to 20 minutes, depending on the type of watch, will be sufficient). A drop of water, at a temperature between 18 °C and 25 °C shall be placed on the ...
A diving watch, also commonly referred to as a diver's or dive watch, is a watch designed for underwater diving that features, as a minimum, a water resistance greater than 1.1 MPa (11 atm), the equivalent of 100 m (330 ft). The typical diver's watch will have a water resistance of around 200 to 300 m (660 to 980 ft), though modern technology ...
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 ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure". [1] It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom: [2]
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