Analyst Questions

Groundwater is all the water that has penetrated the earth's surface and is found in one of two soil layers. The one nearest the surface is the "zone of aeration", where gaps between soil are filled with both air and water. Below this layer is the "zone of saturation", where the gaps are filled with water.

Analog synthesis uses a mixture of complex sounds that are shaped by filtering. It is based on representing data in terms of measurable physical quantities, in this case sound waves.

Administered prices are prices set by government or firms which are not determined by regular market forces. They do not vary in response to short-run fluctuations in demand and supply conditions.

Examples include price controls and rent controls.

The words "asset" and "liability" are two very common words in accounting. Liabilities are legally binding obligations that are payable to another person or entity. Accounts payable, loans, mortgages, deferred revenue,... come under liabilities.

Japanese Ukiyo-e prints depicted the everyday world or the transitory world we live.

The law of demand implies that "The higher the price of a good, the lesser the quantity demanded".

For example:

If the rate of a mobile phone increased, the quantity demanded by the customers is decreased.