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Jevons Paradox
In economics, the Jevons paradox (; sometimes Jevons effect) occurs when technological advancements make a resource more efficient to use (thereby reducing the amount needed for a single application); however, as the cost of using the resource drops, if the price is highly elastic, this results in overall demand increasing, causing total resource consumption to rise. Governments have typically expected efficiency gains to lower resource consumption, rather than anticipating possible increases due to the Jevons paradox. In 1865, the English economist William Stanley Jevons observed that technological improvements that increased the efficiency of coal use led to the increased consumption of coal in a wide range of industries. He argued that, contrary to common intuition, technological progress could not be relied upon to reduce fuel consumption. The issue has been re-examined by modern economists studying consumption rebound effects from improved energy efficiency. In additi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PSM V11 D660 William Stanley Jevons
PSM, an acronym, may refer to: Organizations * Pakistan School Muscat, a Pakistani co-educational institute in Oman * Palestine Solidarity Movement, a student organization in the United States * Panhellenic Socialist Movement, a centre-left party in Greece * Parti Socialiste Mauricien, a political party in Mauritius, founded by Harish Boodhoo * Parti Sosialis Malaysia, a socialist political party in Malaysia * Sepaktakraw Association of Malaysia (; PSM), a national governing body in Malaysia * Photographic Society of Madras, a not for profit organisation involved in promoting photography, in Chennai * PlayStation: The Official Magazine, a magazine originally known as PlayStation Magazine or PSM * Ponce School of Medicine, a post-graduate medical school located in Ponce, Puerto Rico * Power Systems Manufacturing, a subsidiary of Alstom, specializing in aftermarket gas turbine servicing for power generating industry. * ''Poznańska Spółdzielnia Mieszkaniowa'', a housing coop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand (economics)
In economics, demand is the quantity of a good that consumers are willing and able to purchase at various prices during a given time. In economics "demand" for a commodity is not the same thing as "desire" for it. It refers to both the desire to purchase and the ability to pay for a commodity. Demand is always expressed in relation to a particular price and a particular time period since demand is a flow concept. Flow is any variable which is expressed per unit of time. Demand thus does not refer to a single isolated purchase, but a continuous flow of purchases. Factors influencing demand The factors that influence the decisions of household (individual consumers) to purchase a commodity are known as the determinants of demand. Some important determinants of demand are: The price of the commodity: Most important determinant of the demand for a commodity is the price of the commodity itself. Normally there is an inverse relationship between the price of the commodity and its q ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socio-hydrology
Socio-hydrology; socio (from the Latin word ''socius,'' meaning ‘companion) and hydrology (from the Greek: ὕδωρ, "hýdōr" meaning "water"; and λόγος, "lógos" meaning "study") is an interdisciplinary field studying the dynamic interactions and feedbacks between water and people. Areas of research in socio-hydrology include the historical study of the interplay between hydrological and social processes, comparative analysis of the co-evolution and self-organization of human and water systems in different cultures, and process-based modelling of coupled human-water systems. The first approach to socio-hydrology was the term "hydro-sociology", which arises from a concern about the scale of impact of human activities on the hydrological cycle. Socio-hydrology is defined as the humans-water interaction and later as “the science of people and water”, which introduces bidirectional feedbacks between human–water systems, differentiating it from other related disciplines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Water Use
A water footprint shows the extent of water use in relation to Consumption (economics), consumption by people. The water footprint of an individual, community, or business is defined as the total volume of fresh water used to produce the goods and services consumed by the individual or community or produced by the business. Water use is measured in water volume consumed (evaporated) and/or polluted per unit of time. A water footprint can be calculated for any well-defined group of consumers (e.g., an individual, family, village, city, province, state, or nation) or Production (economics), producers (e.g., a public organization, private enterprise, or economic sector), for a single process (such as growing rice) or for any Product (business), product or Service (economics), service. Traditionally, water use has been approached from the production side, by quantifying the following three columns of water use: water withdrawals in the Agriculture, agricultural, Manufacturing, industr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fuel Efficiency
Fuel efficiency (or fuel economy) is a form of thermal efficiency, meaning the ratio of effort to result of a process that converts chemical energy, chemical potential energy contained in a carrier (fuel) into kinetic energy or Mechanical work, work. Overall fuel efficiency may vary per device, which in turn may vary per application, and this spectrum of variance is often illustrated as a continuous energy profile. Non-transportation applications, such as Industrial sector, industry, benefit from increased fuel efficiency, especially fossil fuel power plants or industries dealing with combustion, such as ammonia production during the Haber process. In the context of transport, fuel economy is the energy efficiency in transportation, energy efficiency of a particular vehicle, given as a ratio of distance traveled per unit of Motor fuel, fuel consumed. It is dependent on several factors including engine efficiency, transmission (mechanics), transmission design, and tire design. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Newcomen
Thomas Newcomen (; February 1664 – 5 August 1729) was an English inventor, creator of the Newcomen atmospheric engine, atmospheric engine in 1712, Baptist lay preacher, preacher by calling and ironmonger by trade. He was born in Dartmouth, Devon, Dartmouth, in Devon, England, to a merchant family and baptized at St. Saviour's Church on 28 February 1664. In those days, flooding in coal and tin mines was a major problem. Newcomen was soon engaged in trying to improve ways to pump out the water from such mines. His ironmonger's business specialised in designing, manufacturing and selling tools for the mining industry. Religious life Thomas Newcomen was a lay preacher and a teaching elder in the local Baptist church. After 1710, he became the pastor of a local group of Baptists. His father had been one of a group who brought the well-known Puritan minister John Flavel to Dartmouth. Later one of Newcomen's business contacts in London, Edward Wallin, was another Baptist mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steam Engine
A steam engine is a heat engine that performs Work (physics), mechanical work using steam as its working fluid. The steam engine uses the force produced by steam pressure to push a piston back and forth inside a Cylinder (locomotive), cylinder. This pushing force can be transformed by a connecting rod and Crank (mechanism), crank into rotational force for work. The term "steam engine" is most commonly applied to reciprocating engines as just described, although some authorities have also referred to the steam turbine and devices such as Hero's aeolipile as "steam engines". The essential feature of steam engines is that they are external combustion engines, where the working fluid is separated from the combustion products. The ideal thermodynamic cycle used to analyze this process is called the Rankine cycle. In general usage, the term ''steam engine'' can refer to either complete steam plants (including Boiler (power generation), boilers etc.), such as railway steam locomot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watt Steam Engine
The Watt steam engine design was an invention of James Watt that became synonymous with steam engines during the Industrial Revolution, and it was many years before significantly new designs began to replace the basic Watt design. The Newcomen atmospheric engine, first steam engines, introduced by Thomas Newcomen in 1712, were of the "atmospheric" design. At the end of the power stroke (engine), power stroke, the weight of the object being moved by the engine pulled the piston to the top of the cylinder as steam was introduced. Then the cylinder was cooled by a spray of water, which caused the steam to condense, forming a partial vacuum in the cylinder. Atmospheric pressure on the top of the piston pushed it down, lifting the work object. James Watt noticed that it required significant amounts of heat to warm the cylinder back up to the point where steam could enter the cylinder without immediately condensing. When the cylinder was warm enough that it became filled with steam th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Watt
James Watt (; 30 January 1736 (19 January 1736 OS) – 25 August 1819) was a Scottish inventor, mechanical engineer, and chemist who improved on Thomas Newcomen's 1712 Newcomen steam engine with his Watt steam engine in 1776, which was fundamental to the changes brought by the Industrial Revolution in both his native Great Britain and the rest of the world. While working as an instrument maker at the University of Glasgow, Watt became interested in the technology of steam engines. At the time engineers such as John Smeaton were aware of the inefficiencies of Newcomen's engine and aimed to improve it. Watt's insight was to realise that contemporary engine designs wasted a great deal of energy by repeatedly cooling and reheating the cylinder. Watt introduced a design enhancement, the separate condenser, which avoided this waste of energy and radically improved the power, efficiency, and cost-effectiveness of steam engines. Eventually, he adapted his engine to produce rot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
