Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. GDP (nominal) per capita does not, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international […]
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Automation describes a wide range of technologies that reduce human intervention in processes. Human intervention is reduced by predetermining decision criteria, subprocess relationships, and related actions — and embodying those predeterminations in machines. Automation, includes the use of various equipment and control systems such as machinery, processes in factories, boilers, and heat-treating ovens, switching on telephone networks; steering and stabilization of ships, aircraft, and other applications and vehicles with
Dormer Pramet is a global manufacturer and supplier of cutting tools for the engineering industry, including drilling, milling, threading and turning tools. Its origins date back to 1913, making it one of the world’s oldest specialist manufacturers of engineers cutting tools. The current entity formed in 2014 following the merger of Dormer Tools and the IPS Group (Impero – Pramet – Safety). The expanded
With over 39.5 million residents, California is the most populous state in the United States. It is bordered by Nevada to the east, Arizona to the southeast, the Pacific Ocean to the west, Oregon to the north, and Mexico to the south. The greater Los Angeles area and the San Francisco Bay Area are the
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a state or formal monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless