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Added: 11.06.2021
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Demand in economics is the consumer's desire and ability to purchase a good or service. It's the underlying force that drives economic growth and expansion. Without demand, no business would ever bother producing anything. There are five determinants of demand. The most important is the price of the good or service itself. The second is the price of related products, whether they are substitutes or complementary.
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Petroleum engineering is a field of engineering concerned with the activities related to the production of Hydrocarbons , which can be either crude oil or natural gas. Exploration , by earth scientists , and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water and gas within porous rock at very high pressure. The combined efforts of geologists and petroleum engineers throughout the life of a hydrocarbon accumulation determine the way in which a reservoir is developed and depleted, and usually they have the highest impact on field economics. Petroleum engineering requires a good knowledge of many other related disciplines, such as geophysics, petroleum geology, formation evaluation well logging , drilling , economics , reservoir simulation , reservoir engineering , well engineering, artificial lift systems, completions and petroleum production engineering.
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By 24 January, at least 52 aftershocks measuring 4. The earthquake caused major damage in Port-au-Prince, Jacmel and other cities in the region. Notable landmark buildings were significantly damaged or destroyed, including the Presidential Palace , the National Assembly building, the Port-au-Prince Cathedral , and the main jail.
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Sophiatown was a legendary black cultural hub that was destroyed under apartheid , rebuilt under the name of Triomf , and in officially returned to its original name. Sophiatown was one of the oldest black areas in Johannesburg and its destruction represents some of the excesses of South Africa under apartheid. Sophiatown was originally part of the Waterfall farm. Over time it included the neighbouring areas of Martindale and Newclare. It was purchased by a speculator, Hermann Tobiansky, in
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