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A level crossing is an intersection where a railway line crosses a road, path, or (in rare situations) airport runway, at the same level, [1] as opposed to the railway line or the road etc. crossing over or under using an overpass or tunnel.
The construction of new level crossings is generally not permitted, especially for high speed railway lines and level crossings are increasingly less common due to the increase of both road and rail traffic. [4] Efforts to remove level crossings are done in the UK by Network Rail and in Melbourne as part of the Level Crossing Removal Project.
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 ...
Most of Hong Kong's railway network is either underground or on elevated viaducts, meaning that level crossings are rare. However, level crossings continue to exist on the MTR Light Rail network, and one such level crossing was the site of a level crossing accident in 1994. [30]
The Keynesian cross diagram is a formulation of the central ideas in Keynes' General Theory of Employment, Interest and Money.It first appeared as a central component of macroeconomic theory as it was taught by Paul Samuelson in his textbook, Economics: An Introductory Analysis.
At-grade intersection, a crossing between roads on the same level; Road junction; Level crossing, where a road or path crosses a railway on the same level; Diamond crossing, where two railway tracks cross; At-grade railway, at level with the general surface
Economists commonly use the term recession to mean either a period of two successive calendar quarters each having negative growth [clarification needed] of real gross domestic product [1] [2] [3] —that is, of the total amount of goods and services produced within a country—or that provided by the National Bureau of Economic Research (NBER): "...a significant decline in economic activity ...
Other countries, such as China, also use this layout, but with appropriately localized terms. Often, a supplemental sign below the crossbuck indicates the number of tracks at the crossing. A special kind of crossing sign assembly was introduced on an experimental basis in Ohio in 1992, the "Buckeye Crossbuck". It included an enhanced crossbuck ...