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.
Yes. So at last we have the correct definition. Economic sustainability occurs when a political unit, such as a nation, has the preferred percent of its population below its preferred minimum standard of living level.ustainability is what people want to happen indefintely. No country has a GDP growth target less than about 2%, except when recovering from a recession. Thus the defacto defintion of economic sustainability is steady growth in total national GDP of a minimum of about 2% per year.