y = sin (.5x). The coefficient b in the above graph is 2, so the period of the sine curve changed by a factor of 1/2, making the new period Ï, or about 3.14. y = sin (.5x). For the above graph, the coefficient b = 1/2, so the period of the sine curve will be twice as long as it usually is, or 4 Ï. y = sin (3x).
The term silent revolution refers here to a shift in the prevailing paradigm for international economic and political relations, away from tendencies toward autarky, insularity, mercantilism, and governmental planning and control over economic activity; and toward a common set of beliefs and policies based on open international trade and finance, competitive pricing and production decisions, and cooperation between countries.
Definition. An economic system refers to the way in which the resources of a country are used to produce goods and services, and the manner in which these goods and services are distributed for consumption. Definition.Economic systems are characterised by the following: - role of government.eatures: - Economic decisions are taken by the price mechanism system and also by the state. - The private business sector operates along the lines of the free market economy, where the price mechanism determines allocation of resources.