The bid-rent curve has a negative slope because the activities balance the bid-rent with the cost of transportation to the point of attraction. Farther distances require greater transportation cost and thus reduce the amount of rent that can be paid. The bid-rent curve indicates why rents, and by inference land values, tend to be higher near central locations. Â« Better Business Bureau | big business Â». Permalink: http://glossary.econguru.com/economic-term/bid-rent+curve.
Recursion in computer programming is exemplified when a function is defined in terms of simpler, often smaller versions of itself. The solution to the problem is then devised by combining the solutions obtained from the simpler versions of the problem.
A recursive definition, sometimes also called an inductive definition, is one that defines a word in terms of itself, so to speak, albeit in a useful way. Normally this consists of three steps: 1  At least one thing is stated to be a member of the set being defined; this is sometimes called a base set. definition states the meaning of a word using other words. This is sometimes challenging. Common dictionaries contain lexical, descriptive definitions, but there are various types of definition-all with different purposes and focuses.