Royal Standard of Norway Royal Standard of Norway The Royal Standard of Norway () is used by the King of Norway. Of historical origin, it was introduced by Cabinet Decision of 15 November 1905, following the plebiscite confirming the election of Prince Carl of Denmark to the vacant throne after the dissolution of the union between Sweden and Norway. Under his chosen name of Haakon VII, the new king arrived in the capital Kristiania on 25 November 1905 on a ship flying the royal standard for the first time. The flag of the King is also used by the Queen. The flag was referred
Organic composition of capital theory of the rising organic composition of capital. It is difficult to find industries where the "secular" historical trend is one of an increase in the share of wages in the total capital outlay. Generally, the opposite is the case. However, it has been argued that the value of physical capital is notoriously difficult to measure empirically in an accurate way; and statistical time-series for economic variables over long periods are also susceptible to errors and distortions. The owners of a business may not even know exactly what the physical assets they use are currently worth, or what their business