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A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors. Specifically, an industry is a natural monopoly if the total cost of one firm, producing the total output, is lower than the total cost of two or more firms producing the entire production. In that case, it is very probable that a company (monopoly) or minimal number of companies (oligopoly) will form, providing all or most relevant products and/or services. This frequently occurs in industries where capital costs predominate, creating large economies of scale about the size of the market; examples include public utilities such as water services, electricity, telecommunications, mail, etc. Natural monopolies were recognized as potential sources of market failure as early as the 19th century; John Stuart Mill advocated government regulation to make them serve the public good.
A megacity is a very large city, typically with a population of more than 10 million people. The United Nations Department of Economic and Social Affairs in its 2018 "World Urbanization Prospects" report defines megacities as urban agglomerations with over 10 million inhabitants. A University of Bonn report holds that they are "usually defined as metropolitan areas with a total population of 10 million or more people". Elsewhere in other sources, from five to eight million is considered the minimum threshold, along with a population density of at least 2,000 per square kilometre. The terms conurbation, metropolis, and metroplex are also applied to the latter.
Economic geography is the subfield of human geography that studies economic activity and factors affecting it. It can also be considered a subfield or method in economics.
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One of the major subfields of urban economics, economies of agglomeration, explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. This term is most often discussed in terms of economic firm productivity. However, agglomeration effects also explain some social phenomena, such as large proportions of the population being clustered in cities and major urban centers. Similar to economies of scale, the costs and benefits of agglomerating increase the larger the agglomerated urban cluster becomes. Several prominent examples of where agglomeration has brought together firms of a specific industry are: Silicon Valley and Los Angeles being hubs of technology and entertainment, respectively, in California, United States; and London, United Kingdom, being a hub of finance.
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A vacuum sewer or pneumatic sewer system is a method of transporting sewage from its source to a sewage treatment plant. It maintains a partial vacuum, with an air pressure below atmospheric pressure inside the pipe network and vacuum station collection vessel. Valves open and reseal automatically when the system is used, so differential pressure can be maintained without expending much energy pumping. A single central vacuum station can collect the wastewater of several thousand individual homes, depending on terrain and the local situation.
Spatial inequality refers to the unequal distribution of income and resources across geographical regions. Attributable to local differences in infrastructure, geographical features and economies of agglomeration, such inequality remains central to public policy discussions regarding economic inequality more broadly.
Simplified sewerage, also called small-bore sewerage, is a sewer system that collects all household wastewater in small-diameter pipes laid at fairly flat gradients. Simplified sewers are laid in the front yard or under the pavement (sidewalk) or - if feasible - inside the back yard, rather than in the centre of the road as with conventional sewerage. It is suitable for existing unplanned low-income areas, as well as new housing estates with a regular layout. It allows for a more flexible design. With simplified sewerage it is crucial to have management arrangements in place to remove blockages, which are more frequent than with conventional sewers. It has been estimated that simplified sewerage reduces investment costs by up to 50% compared to conventional sewerage.
Chilled water is a commodity often used to cool a building's air and equipment, especially in situations where many individual rooms must be controlled separately, such as a hotel. The chilled water can be supplied by a vendor, such as a public utility, or created at the location of the building that will use it, which has been the norm.
Sustainable urbanism is both the study of cities and the practices to build them (urbanism), that focuses on promoting their long term viability by reducing consumption, waste and harmful impacts on people and place while enhancing the overall well-being of both people and place. Well-being includes the physical, ecological, economic, social, health and equity factors, among others, that comprise cities and their populations. In the context of contemporary urbanism, the term cities refers to several scales of human settlements from towns to cities, metropolises and mega-city regions that includes their peripheries / suburbs / exurbs. Sustainability is a key component to professional practice in urban planning and urban design along with its related disciplines landscape architecture, architecture, and civil and environmental engineering. Green urbanism and ecological urbanism are other common terms that are similar to sustainable urbanism, however they can be construed as focusing more on the natural environment and ecosystems and less on economic and social aspects. Also related to sustainable urbanism are the practices of land development called Sustainable development, which is the process of physically constructing sustainable buildings, as well as the practices of urban planning called smart growth or growth management, which denote the processes of planning, designing, and building urban settlements that are more sustainable than if they were not planned according to sustainability criteria and principles.
Sensor-based sorting, is an umbrella term for all applications in which particles are detected using a sensor technique and rejected by an amplified mechanical, hydraulic or pneumatic process.
Closed Loop Box Reuse, is the process by which boxes or other containers are reused many times. It is a form of reusable packaging.
References
- ↑ "Meaning of Economies of Density". www.encyclo.co.uk. Retrieved 2017-06-15.
- ↑ Jeffrey Lin (2012). "Geography, History, Economies of Density, and the Location of Cities". Business Review (Federal Reserve Bank of Philadelphia).
- ↑ Eggimann S., Truffer, B., Maurer, M. (2016). "Economies of density for on-site waste water treatment". Water Research. 101: 476–489. Bibcode:2016WatRe.101..476E. doi:10.1016/j.watres.2016.06.011. hdl:1874/340344. PMID 27295622.
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