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 in the Marxian literature. One is formula_2. This is the ratio of constant capital to newly produced value (roughly, what modern economists call "value added"), i.e., surplus-value + variable capital and close to the concept of a capital/output ratio. Less common is the measure used by Paul M. Sweezy, i.e., formula_3, the ratio of constant capital to the total capital invested. The total capital tied up by a capitalist enterprise includes more than fixed assets, materials and wages/salaries; it also includes liquid funds, reserves and other financial assets. For instance, an employer must normally reserve funds to pay for ongoing