Examlex
The flow lines (or streamlines)of a vector field are the paths followed by a particle whose velocity field is the given vector field.Thus,the vectors in a vector field are tangent to the flow lines.The flow lines of the vector field satisfy the differential equations
and
Solve these differential equations to find the equations of the family of flow lines.
Absolute Advantage
The ability of a country or entity to produce a good more efficiently (using fewer resources) than another country or entity.
Economic Efficiency
A condition where resources are allocated in a way that maximizes the production of goods and services at the lowest cost to society.
Opportunity Cost
The value of the next best alternative forgone as a result of making a decision.
Comparative Advantage
The ability for a particular individual, commercial entity, or country to produce a certain good or render a service with significantly less opportunity cost compared to opposition.
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