System of measurement
A system of measurement is a set of related measures that are used to give a numeric value to something. A "system of measurement" is also known as a "metric".[1] There are many systems of measurement. Some systems of measurement describe physical systems. Other systems of measurement describe economic systems.[2]
The term "system of measurement" is often used in engineering application to describe a set of operational devices that take measurements.[3]
In metrology, the term "system of measurement" is often used as a synonym for system of units.[4] The international standard system is the International System of Units. Other systems in common use are the closely related United States customary units and British imperial units.
A system of measurement that describes economic systems is called an econometric system.[5] An econometric system uses quantities such as Gross domestic product and money supply to model an economic system.[6][2]
References
[change | change source]- ↑ "System of measurement". WordNet. Princeton University.
- ↑ 2.0 2.1 Stiglitz, Joseph E.; Sen, Amartya; Fitoussi, Jean-Paul (December 2009). "The Measurement of Economic Performance and Social Progress Revistied" (PDF). Paris: Centre de recherche en économie de Sciences Po. Para 18, 19, 21. Retrieved 6 March 2014.
a better measurement system ... standard metrics, like GDP
- ↑ Dean, D.S. (1960). "An Improved Strain-Gauge Type of Load-Cell Thrust Transducer" (PDF). London: Ministry of Aviation and HMSO. Archived from the original (PDF) on 2016-03-04. Retrieved 2014-03-06.
- ↑ International vocabulary of metrology - Basic and general concepts and associated terms (PDF) (3rd ed.). Joint Committee for Guides in Metrology. 2008.
- ↑ Hendry, David F (1995). Dynamic Econometrics. Oxford: Oxford University Press. p. 308. ISBN 0-19-828317-2.
- ↑ Spears, Larry D. (24 February 2010). "Is it the End of Britain ... 8 Important Economic Metrics For Investors To Watch". NuWire Investor. Archived from the original on 20 February 2014. Retrieved 5 March 2014.
