Market clearingIn economics, market clearing is the process by which, in an economic market, the supply of whatever is traded is equated to the demand so that there is no excess supply or demand, ensuring that there is neither a surplus nor a shortage. The new classical economics assumes that in any given market, assuming that all buyers and sellers have access to information and that there is no "friction" impeding price changes, prices constantly adjust up or down to ensure market clearing.
DenmarkDenmark (Danmark, ˈtænmɑk) is a Nordic country in Northern Europe. It is the metropolitan part of and the most populous constituent of the Kingdom of Denmark, a constitutionally unitary state that includes the autonomous territories of the Faroe Islands and Greenland in the North Atlantic Ocean. Metropolitan Denmark is the southernmost of the Scandinavian countries, lying south-west and south (Bornholm and Ertholmene) of Sweden, south of Norway, and north of Germany, with which it shares a short border, Denmark's only land border.
Linear algebraLinear algebra is the branch of mathematics concerning linear equations such as: linear maps such as: and their representations in vector spaces and through matrices. Linear algebra is central to almost all areas of mathematics. For instance, linear algebra is fundamental in modern presentations of geometry, including for defining basic objects such as lines, planes and rotations. Also, functional analysis, a branch of mathematical analysis, may be viewed as the application of linear algebra to spaces of functions.
Electric power transmissionElectric power transmission is the bulk movement of electrical energy from a generating site, such as a power plant, to an electrical substation. The interconnected lines that facilitate this movement form a transmission network. This is distinct from the local wiring between high-voltage substations and customers, which is typically referred to as electric power distribution. The combined transmission and distribution network is part of electricity delivery, known as the electrical grid.
Environmental impact of electricity generationElectric power systems consist of generation plants of different energy sources, transmission networks, and distribution lines. Each of these components can have environmental impacts at multiple stages of their development and use including in their construction, during the generation of electricity, and in their decommissioning and disposal. These impacts can be split into operational impacts (fuel sourcing, global atmospheric and localized pollution) and construction impacts (manufacturing, installation, decommissioning, and disposal).
History of Denmarksidebar |name = History of Denmark |bodyclass = vcard |title = |contentstyle = text-align:left; border-bottom:#aaa 1px solid; |content1 = Prehistoric Denmark Kongemose culture Ertebølle culture Funnelbeaker culture Corded Ware culture Nordic Bronze Age Pre-Roman Iron Age Roman Iron Age Germanic Iron Age Viking Age House of Sigfred House of Olaf House of Knýtlinga Reunification Christianization North Sea Empire House of Fairhair Medieval Times Estridsen era Reign of Sweyn II and his sons Civil War era Danish
EconometricsEconometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". Jan Tinbergen is one of the two founding fathers of econometrics.
Pricing strategiesA business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy. Pricing strategies and tactics vary from company to company, and also differ across countries, cultures, industries and over time, with the maturing of industries and markets and changes in wider economic conditions.
Price indexA price index (plural: "price indices" or "price indexes") is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time. It is a statistic designed to help to compare how these price relatives, taken as a whole, differ between time periods or geographical locations. Price indices have several potential uses. For particularly broad indices, the index can be said to measure the economy's general price level or a cost of living.
Danish RealmThe Danish Realm (Danmarks Rige; Danmarkar Ríki; Danmarkip Naalagaaffik), officially the Kingdom of Denmark (Kongeriget Danmark; Kongsríki Danmarkar; Kunngeqarfik Danmarki), is a sovereign state located in Northern Europe and North America. It consists of metropolitan Denmark—the kingdom's territory in continental Europe and sometimes called "Denmark proper" (egentlige Danmark)—and the realm's two autonomous regions: the Faroe Islands and Greenland.
