Economics 2 min read
The role of the professional economist
Professional economists apply their skills of description, analysis, model building, and prediction to generate knowledge and, from this, provide advice…
THE ARTICLE LIBRARY
All stories.
Ideas and explainers from across SenseCentral.
General Concepts 5 min read
Laws of thermoelectricity
Part 1 Actual applications of the thermocouple to measure require the consideration of following laws of thermo electricity. First law…
Economics 14 min read
Exchange and Trade
Introduction ● The words “exchange” and “trade” refer to the same activity–people who have one thing and want a different thing…
Economics 12 min read
Supply and Demand, Markets and Prices
Introduction Definitions and Basics ● Supply and Demand. Part 2. Comparisons on Price, at SocialStudiesforKids.com. ● So we have supply, which is how much of…
Economics 8 min read
Division of Labor and Specialization
Introduction Definitions and Basics ● Definitions: Adam Smith, biography from the Concise Encyclopedia of Economics ● Smith saw the main cause of prosperity as increasing…
Economics 10 min read
Comparative Advantage and the Benefits of Trade
Introduction If you do everything better than anyone else, should you be self-sufficient and do everything yourself? Self-sufficiency is one…
General Concepts 3 min read
Interferometer
Basic Principle of Interferometry Interferometer is a precise instrument for flow visualization. The variation of refractive index of the flowing…
General Concepts 1 min read
Fresh Instrumentation and control Engineering Project ideas
list of Industrial automation projects which is evolving in instrumentation sector. 1. Automatic control system for rubber industries 2. Film roll cutter…
