The bid-rent curve has a negative slope because the activities balance the bid-rent with the cost of transportation to the point of attraction. Farther distances require greater transportation cost and thus reduce the amount of rent that can be paid. The bid-rent curve indicates why rents, and by inference land values, tend to be higher near central locations. Â« Better Business Bureau | big business Â». Permalink: http://glossary.econguru.com/economic-term/bid-rent+curve.
Recursion in computer programming is exemplified when a function is defined in terms of simpler, often smaller versions of itself. The solution to the problem is then devised by combining the solutions obtained from the simpler versions of the problem.
Recursion is a property of language. From a Linguistics viewpoint, recursion can also be called nesting. As I've stated in this answer to what defines a language (third-last bullet point), recursion is a phenomenon where a linguistic rule can be applied to the result of the application of the same rule..Let's see an example of this.Consider the sentence:s I've stated in this answer to what defines a language (third-last bullet point), recursion is a phenomenon where a linguistic rule can be applied to the result of the application of the same rule.. Let's see an example of this. Consider the sentence: