Sustainability

Scarce Resources in Economics

Scarce Resources in Economics Read Post »

What are the scarce resources in economics, and why should society understand what they are? In your economics class, students should clearly understand the concept of scarcity and how it relates to economics. All the students want to know is why labor, capital, natural resources, human capital, and all other forms are scarce in all economies or the world. Time is also a scarce resource captured by labor, natural resources, wealth, and human capital investments. 1. What are Scarce Resources in Economics? So what is the meaning of scarce resources? Scarce resources in Economics are all kinds of inputs of production processes needed by […]

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Future of Sustainable Cooling Systems

Future of Sustainable Cooling Systems Read Post »

ABB has the patent (No. PCT/EP2013/064008) with the topic “Discharge of heat from the electrical switch house on the crane”. The inventors are Bo Edmundsson and Horst Schneider. In the electrical switch house (E-House) there are heat generating as well as sensitive components. In order to guarantee operational safety, the heat generated must be efficiently extracted from the electrical building.

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