The period of the sine curve is the length of one cycle of the curve. The natural period of the sine curve is 2Ï. So, a coefficient of b=1 is equivalent to a period of 2Ï. To get the period of the sine curve for any coefficient b, just divide 2Ï by the coefficient b to get the new period of the curve.
What is 'Economic Efficiency'. Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. When an economy is economically efficient, any changes made to assist one entity would harm another.
mixed economy Definition An economic system in which the government imposes boundaries on capitalism to limit the concentration of power and achieve social balance. The U.S. economic system is a mixed economy. Compare to Laissez-Faire. Use mixed economy in a sentence. â 1  Despite what the people enamored with pure capitalism think, here in the United States we enjoy the benefits of a mixed economy. â 2  The government teacher explained to his students about Americas mixed economy and how its causes and effects over time compared to other nations.