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单词 Cumulative process
释义

Cumulative process

原声例句
iEnglish Basic1 Listening

Second, slow Initial Progress: The flywheel effect relies on a cumulative process, where initial progress might be slow and require consistent effort before noticeable results are achieved.

其次,初始进展缓慢:飞轮效应依赖于累积过程,初始进展可能很缓慢, 需要持续努力才能取得显着成果。

英语百科

Cumulative process

Cumulative process is a contribution to the economic theory of interest, proposed in Knut Wicksell's 1898 work, Interest and Prices. Wicksell made a key distinction between the natural rate of interest and the money rate of interest. The money rate of interest, to Wicksell, is the interest rate seen in the capital market; the natural rate of interest is the interest rate at which supply and demand in the market for goods are in equilibrium – as though there were no need for capital markets.

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