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It is a physical constant, conventionally written as μ 0 (pronounced "mu nought" or "mu zero"). It quantifies the strength of the magnetic field induced by an electric current. Expressed in terms of SI base units, it has the unit kg⋅m⋅s −2 ⋅A −2. It can be also expressed in terms of SI derived units, N⋅A −2.
In SI units, permeability is measured in henries per meter (H/m), or equivalently in newtons per ampere squared (N/A 2). The permeability constant μ 0, also known as the magnetic constant or the permeability of free space, is the proportionality between magnetic induction and magnetizing force when forming a magnetic field in a classical vacuum.
Vacuum permittivity, commonly denoted ε 0 (pronounced "epsilon nought" or "epsilon zero"), is the value of the absolute dielectric permittivity of classical vacuum.It may also be referred to as the permittivity of free space, the electric constant, or the distributed capacitance of the vacuum.
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 ...
In economics, unit of account is one of the functions of money. A unit of account [1] is a standard numerical monetary unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the ...
Gaussian units constitute a metric system of units of measurement. This system is the most common of the several electromagnetic unit systems based on the centimetre–gram–second system of units (CGS). It is also called the Gaussian unit system, Gaussian-cgs units, or often just cgs units.
A fixed-price value measure is used to measure changes in quality and quantity. True to its name, prices are kept fixed for a minimum of two measuring situations. For this reason, it is possible to define the changes in quality and quantity of a most varied and wide range of commodities, keeping apart the changes in income distribution.
Marginalism is an economic theory and method of analysis that suggests that individuals make economic decisions by weighing the benefits of consuming an additional unit of a good or service against the cost of acquiring it. In other words, value is determined by the additional utility of satisfaction provided by each extra unit consumed.