Derivation of the Navier–Stokes equations equation), three important concepts may be concisely written: conservation of mass, conservation of momentum, and conservation of energy. Validity is retained if formula_5 is a vector, in which case the vector-vector product in the second term will be a dyad. A general momentum equation is obtained when the conservation relation is applied to momentum. If the intensive property formula_5; considered is the mass flux (also "momentum density"), i.e. the product of mass density and flow velocity formula_17, by substitution in the general continuum equation: where formula_19 is a dyad, a special case of tensor product, which results in a second
Velocity of money part of this tiny economy's gross domestic product (GDP). The velocity of money provides another perspective on money demand. Given the nominal flow of transactions using money, if the interest rate on alternative financial assets is high, people will not want to hold much money relative to the quantity of their transactions—they try to exchange it fast for goods or other financial assets, and money is said to "burn a hole in their pocket" and velocity is high. This situation is precisely one of money demand being low. Conversely, with a low opportunity cost velocity is low and money demand