Examlex
When starting synchronous motors of larger sizes through a starting compensator or an automatic starter, the voltage applied to the motor terminals at the instant of start is about half the value of the rated line voltage, and the starting surge of current is limited.
Say's Law
An economic theory that proposes that supply creates its own demand, suggesting that production is the source of demand and that markets naturally balance over time.
Classical Economics
A school of thought in economics that emphasizes the role of free markets in facilitating economic development and regulating economic systems.
Keynesian Economics
An economic theory stating that government intervention through fiscal and monetary policy can mitigate the adverse effects of economic recessions and depressions.
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by mass unemployment, deflation, and a significant drop in demand and production.
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