Space explorationSpace exploration is the use of astronomy and space technology to explore outer space. While the exploration of space is carried out mainly by astronomers with telescopes, its physical exploration is conducted both by uncrewed robotic space probes and human spaceflight. Space exploration, like its classical form astronomy, is one of the main sources for space science. While the observation of objects in space, known as astronomy, predates reliable recorded history, it was the development of large and relatively efficient rockets during the mid-twentieth century that allowed physical space exploration to become a reality.
General equilibrium theoryIn economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial equilibrium, which analyzes a specific part of an economy while its other factors are held constant.
Exploration of MarsThe planet Mars has been explored remotely by spacecraft. Probes sent from Earth, beginning in the late 20th century, have yielded a large increase in knowledge about the Martian system, focused primarily on understanding its geology and habitability potential. Engineering interplanetary journeys is complicated and the exploration of Mars has experienced a high failure rate, especially the early attempts. Roughly sixty percent of all spacecraft destined for Mars failed before completing their missions and some failed before their observations could begin.
Mars Exploration RoverNASA's Mars Exploration Rover (MER) mission was a robotic space mission involving two Mars rovers, Spirit and Opportunity, exploring the planet Mars. It began in 2003 with the launch of the two rovers to explore the Martian surface and geology; both landed on Mars at separate locations in January 2004. Both rovers far outlived their planned missions of 90 Martian solar days: MER-A Spirit was active until March 22, 2010, while MER-B Opportunity was active until June 10, 2018.
DesignA design is a concept of either an object, a process, or a system that is specific and, in most cases, detailed. Design refers to something that is or has been intentionally created by a thinking agent, though it is sometimes used to refer to the nature of something. The verb to design expresses the process of developing a design. In some cases, the direct construction of an object without an explicit prior plan may also be considered to be a design (such as in some artwork and craftwork).
Rover (space exploration)A rover (or sometimes planetary rover) is a planetary surface exploration device designed to move across the solid surface on a planet or other planetary mass celestial bodies. Some rovers have been designed as land vehicles to transport members of a human spaceflight crew; others have been partially or fully autonomous robots. Rovers are typically created to land on another planet (other than Earth) via a lander-style spacecraft, tasked to collect information about the terrain, and to take crust samples such as dust, soil, rocks, and even liquids.
Economic equilibriumIn economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal. Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers.
Potential outputIn economics, potential output (also referred to as "natural gross domestic product") refers to the highest level of real gross domestic product (potential output) that can be sustained over the long term. Actual output happens in real life while potential output shows the level that could be achieved. Natural (physical, etc) and institutional constraints impose limits to growth. If actual GDP rises and stays above potential output, then, in a free market economy (i.e.
Full employmentFull employment is a situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional, may remain. For instance, workers who are "between jobs" for short periods of time as they search for better employment are not counted against full employment, as such unemployment is frictional rather than cyclical.
Vision for Space ExplorationThe Vision for Space Exploration (VSE) was a plan for space exploration announced on January 14, 2004 by President George W. Bush. It was conceived as a response to the Space Shuttle Columbia disaster, the state of human spaceflight at NASA, and as a way to regain public enthusiasm for space exploration. The policy outlined by the "Vision for Space Exploration" was replaced first by President Barack Obama's space policy in April 2010, then by President Donald Trump's "National Space Strategy" space policy in March 2018, and finally by President Joe Biden's preliminary space policy proposals in spring 2021.
