y = sin (.5x). The coefficient b in the above graph is 2, so the period of the sine curve changed by a factor of 1/2, making the new period Ï, or about 3.14. y = sin (.5x). For the above graph, the coefficient b = 1/2, so the period of the sine curve will be twice as long as it usually is, or 4 Ï. y = sin (3x).
The term silent revolution refers here to a shift in the prevailing paradigm for international economic and political relations, away from tendencies toward autarky, insularity, mercantilism, and governmental planning and control over economic activity; and toward a common set of beliefs and policies based on open international trade and finance, competitive pricing and production decisions, and cooperation between countries.
Since goods do not stay in the possession of one person but are constantly created and consumed, the system by which goods move is very important to all consumers. There are two extremes of economic systems: Planned Economies and Market Economies. Although a topic in macroeconomics, a quick overview of these two terms is helpful in understanding the bigger picture behind microeconomics.