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relaxation |
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relaxation 1. Physics the return of a system to equilibrium after a displacement from this state 2. Maths a method by which errors resulting from an approximation are reduced by using new approximations relaxation [‚rē‚lak′sā·shən] (geology) In experimental structural geology, the diminution of applied stress with time, as the result of any of various creep processes. (mathematics) (mechanics) Relief of stress in a strained material due to creep. The lessening of elastic resistance in an elastic medium under an applied stress resulting in permanent deformation. (physics) A process in which a physical system approaches a steady state after conditions affecting it have been suddenly changed, and in which the presence of dissipative agents prevents the system from overshooting and then oscillating about this state. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The liberalisation of trade rules has seen a concomitant relaxation in the minutiae of professional regulations designed to protect home markets--or in the case of the US, individual state markets. At the macro level, capital account liberalisation is expected to lead to more efficient resource allocation at the global level Flows into capital scarce emerging economies would lead to decrease in interest rates, accelerated investment and higher growth. The book rightly opines that "import liberalisation has probably worsened India's balance of trade - not unexpected given the direct link between liberalisation and imports, and the indirect uncertain link between liberalisation and exports. |
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