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Ideas and explainers from across SenseCentral.

General Concepts 2 min read

Dew Point Meter

Basic Principle of Dew Point Meter By Cooling at constant pressure if the temperature of air is reduced, the water-vapour…

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Economics 2 min read

Education as a merit good

In compensating for the failure of markets to supply public andmerit goods, central and local government can intervene. In the case of pure…

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The supply of merit goods
Economics 2 min read

The supply of merit goods

Economic theory predicts that while markets may form to supply some merit goods, total supply will be insufficient to achieve…

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Merit goods
Economics 2 min read

Merit goods

The market for merit goods is an example of an incomplete market. Merit goods have two basic characteristics: Firstly, unlike a private good, the net…

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Economics 2 min read

Turnpikes

In the UK, turnpikes were an increasingly common way of paying for the maintenance costs of major roads from the…

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Quasi public goods
Economics 4 min read

Quasi public goods

The market for quasi-public goods is an important example of an incomplete market. A quasi-public good is one that resembles…

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General Concepts 2 min read

Fuzzy logic control

Introduction to Fuzzy logic control In fuzzy logic control the experience of human process operator, is incorporated in design of…

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