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An inductor with inductance L and a resistor with resistance R are wired in series to an ideal battery with emf .A switch in the circuit is closed at time t = 0, at which time the current is zero.A long time after the switch is thrown the potential differences across the inductor and resistor are:
Market System
In this economic framework, the determination of investment, production, and distribution is influenced by the market signals emanating from the interplay of supply and demand.
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The mechanism or set of processes by which a society organizes and distributes its resources, goods, and services.
Factors Of Production
The four economic resources: land, labor, capital, and entrepreneurial ability.
Economic Systems
The structure and methods by which a society allocates resources and distributes goods and services among its population.
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