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since there will be leakages from the circular flow
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Why is the circular flow model only a theory?
since there will be leakages from the circular flow
What atomic models depicts electrons moving only in specific circular orbits around a nucleus?
cloud model
Write a note on innovation theory of profit?
Prof. Schumpeter attributes profit to dynamic changes resulting from an innovation. To start with he takes a capitalist closed economy which is in a stationary equilibrium. This equilibrium is characterised by what Schumpeter calls a "circular flow" which continues to repeat itself for ever. In such a static state, there is perfectly competitive equilibrium. The price of each product just equals its cost of production and there is no profit. Only exogenous factors like whether conditions can cause changes in the circular flow position. In the circular flow position goods are being produced at a constant rate. This routine work is being performed by the salaried managers. It is the entrepreneur who disturbs the channels of this circular floe by the introduction of an innovation. Thus Schumpeter assigns the role of an innovator not to the capitalist but to the entrepreneur.
Why does the Bohr model only work for hydrogen?
The Bohr model only works for hydrogen because it is based on the assumption that electrons move in circular orbits around the nucleus, which is not accurate for atoms with more than one electron.
What does the alleged discovery of the higgs boson particle mean when applied to string theory?
It doesn't mean much. The Higgs Boson is only necessary for the Standard Model to be correct; the Standard Model excludes gravity, and String Theory is a theory of quantum gravity. The two are separate from one another.
How high can model planes fly in meters?
The heights model aircraft fly is really only governed by how far their controllers can see. In theory they can fly thousand of meters high.
Why inverse is called Circular function?
An inverse is NOT called a circular function. Only inverse functions that are circular functions are called circular functions for obvious reasons.
What is data model?
In computer science, data modeling is the process of creating a data model by applying a data model theory to create a data model instance. A data model theory is a formal data model description.For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated below.
How do you use a circular loom?
The same way you use a linear loom, only in a circular fashion.
The scientist who first used a telescope to make discoveries that supported the heliocentric model was?
Galileo Galilei . He only helped support the theory through his observations , he didn't invent the model, Copernicus did.
When was In Theory Only created?
In Theory Only was created in 1975.
What was the basic new proposal in the Bohr model of the atoms?
Bohr proposed that an electron is found in circular paths, or orbits, around the nucleus, and they can only orbit at a specific fixed distance from the nucleus.
