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In microeconomics, economies of density are cost savings resulting from spatial proximity of suppliers or providers. Typically higher population densities allow synergies in service provision leading to lower unit costs. [1] If large economies of density exist there is an incentive for firms to concentrate and agglomerate. [2]
If the dependent variable is referred to as an "explained variable" then the term "predictor variable" is preferred by some authors for the independent variable. [22] An example is provided by the analysis of trend in sea level by Woodworth (1987). Here the dependent variable (and variable of most interest) was the annual mean sea level at a ...
Density-dependent fecundity. Density-dependent fecundity exists, where the birth rate falls as competition increases. In the context of gastrointestinal nematodes, the weight of female Ascaris lumbricoides and its rates of egg production decrease as host infection intensity increases.
Above this point, density dependent factors increasingly limit breeding until the population reaches carrying capacity. At this point, there are no surplus individuals to be harvested and yield drops to zero. The maximum sustainable yield is usually higher than the optimum sustainable yield and maximum economic yield.
The generally accepted definition of Allee effect is positive density dependence, or the positive correlation between population density and individual fitness. It is sometimes referred to as "undercrowding" and it is analogous (or even considered synonymous by some) to "depensation" in the field of fishery sciences.
when joint probability density function between two random variables is known, the copula density function is known, and one of the two marginal functions are known, then, the other marginal function can be calculated, or
Economic interdependence is the mutual dependence of the participants in an economic system who trade in order to obtain the products they cannot produce efficiently for themselves. Such trading relationships require that the behavior of a participant affects its trading partners and it would be costly to rupture their relationship. [ 1 ]
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".