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- W2252496486 abstract "Economic activity in its different manifestations – production, exchange, consumption and, particularly, information on quantities and prices – generates and transfers energy. As a result, we can apply to it the basic laws of thermodynamics. These laws are applicable within a system, i.e., in a country or between systems and countries. To these systems we can apply the thermodynamic principles. In order to work with these concepts, we must first define what a system, in this case an economic system, is and then explain what we mean by a closed or open system. Given that entropy is intimately connected to the level of disorder within a system and, thus, with its information, this multiple vector connects the systems internally and externally." @default.
- W2252496486 created "2016-06-24" @default.
- W2252496486 creator A5048598081 @default.
- W2252496486 date "2009-05-01" @default.
- W2252496486 modified "2023-09-23" @default.
- W2252496486 title "Thermodynamic Laws Applied To Economic Systems" @default.
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- W2252496486 doi "https://doi.org/10.19030/ajbe.v2i3.4052" @default.
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