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.
Definition: The repeated sequential use of a particular type of linguistic element or grammatical structure. Recursion has also been described more simply as the ability to place one component inside another component of the same kind.A linguistic element or grammatical structure that can be used repeatedly in sequence is said to be recursive. See also: 1  Affixation.2  Catenative Verbs. 3  Compounding. In English, recursion is often used to create expressions that modify or change the meaning of one of the elements of the sentence. 2  For example, to take the word nails and give it a more specific meaning, we could use an object relative clause such as that Dan bought, as in Hand me the nails that Dan bought.