OffshoringOffshoring is the relocation of a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring. More recently, technical and administrative services have been offshored. Offshoring and outsourcing are not mutually inclusive: there can be one without the other.
Offshore financial centreAn offshore financial centre (OFC) is defined as a "country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy." "Offshore" does not refer to the location of the OFC, since many Financial Stability Forum–IMF OFCs, such as Delaware, South Dakota, Singapore, Luxembourg and Hong Kong, are located "onshore", but to the fact that the largest users of the OFC are non-resident, i.e. "offshore".
ProductivityProductivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time. The most common example is the (aggregate) labour productivity measure, one example of which is GDP per worker.
Productivity-improving technologiesThe productivity-improving technologies are the technological innovations that have historically increased productivity. Productivity is often measured as the ratio of (aggregate) output to (aggregate) input in the production of goods and services. Productivity is increased by lowering the amount of labor, capital, energy or materials that go into producing any given amount of economic goods and services. Increases in productivity are largely responsible for the increase in per capita living standards.
Brass instrumentA brass instrument is a musical instrument that produces sound by sympathetic vibration of air in a tubular resonator in sympathy with the vibration of the player's lips. Brass instruments are also called labrosones or labrophones, from Latin and Greek elements meaning 'lip' and 'sound'. There are several factors involved in producing different pitches on a brass instrument.
String instrumentString instruments, stringed instruments, or chordophones are musical instruments that produce sound from vibrating strings when a performer plays or sounds the strings in some manner. Musicians play some string instruments by plucking the strings with their fingers or a plectrum—and others by hitting the strings with a light wooden hammer or by rubbing the strings with a bow. In some keyboard instruments, such as the harpsichord, the musician presses a key that plucks the string.
Musical instrumentA musical instrument is a device created or adapted to make musical sounds. In principle, any object that produces sound can be considered a musical instrument—it is through purpose that the object becomes a musical instrument. A person who plays a musical instrument is known as an instrumentalist. The history of musical instruments dates to the beginnings of human culture. Early musical instruments may have been used for rituals, such as a horn to signal success on the hunt, or a drum in a religious ceremony.
Relativity of simultaneityIn physics, the relativity of simultaneity is the concept that distant simultaneity – whether two spatially separated events occur at the same time – is not absolute, but depends on the observer's reference frame. This possibility was raised by mathematician Henri Poincaré in 1900, and thereafter became a central idea in the special theory of relativity. According to the special theory of relativity introduced by Albert Einstein, it is impossible to say in an absolute sense that two distinct events occur at the same time if those events are separated in space.
Offshore bankAn offshore bank is a bank that is operated and regulated under international banking license (often called offshore license), which usually prohibits the bank from establishing any business activities in the jurisdiction of establishment. Due to less regulation and transparency, accounts with offshore banks were often used to hide undeclared income. Since the 1980s, jurisdictions that provide financial services to nonresidents on a big scale can be referred to as offshore financial centres.
Keyboard instrumentA keyboard instrument is a musical instrument played using a keyboard, a row of levers that are pressed by the fingers. The most common of these are the piano, organ, and various electronic keyboards, including synthesizers and digital pianos. Other keyboard instruments include celestas, which are struck idiophones operated by a keyboard, and carillons, which are usually housed in bell towers or belfries of churches or municipal buildings. Today, the term keyboard often refers to keyboard-style synthesizers.
Wind instrumentA wind instrument is a musical instrument that contains some type of resonator (usually a tube) in which a column of air is set into vibration by the player blowing into (or over) a mouthpiece set at or near the end of the resonator. The pitch of the vibration is determined by the length of the tube and by manual modifications of the effective length of the vibrating column of air. In the case of some wind instruments, sound is produced by blowing through a reed; others require buzzing into a metal mouthpiece, while yet others require the player to blow into a hole at an edge, which splits the air column and creates the sound.
Experimental musical instrumentAn experimental musical instrument (or custom-made instrument) is a musical instrument that modifies or extends an existing instrument or class of instruments, or defines or creates a new class of instrument. Some are created through simple modifications, such as cracked drum cymbals or metal objects inserted between piano strings in a prepared piano. Some experimental instruments are created from household items like a homemade mute for brass instruments such as bathtub plugs.
Electronic musical instrumentAn electronic musical instrument or electrophone is a musical instrument that produces sound using electronic circuitry. Such an instrument sounds by outputting an electrical, electronic or digital audio signal that ultimately is plugged into a power amplifier which drives a loudspeaker, creating the sound heard by the performer and listener. An electronic instrument might include a user interface for controlling its sound, often by adjusting the pitch, frequency, or duration of each note.
Absolute space and timeAbsolute space and time is a concept in physics and philosophy about the properties of the universe. In physics, absolute space and time may be a preferred frame. A version of the concept of absolute space (in the sense of a preferred frame) can be seen in Aristotelian physics. Robert S. Westman writes that a "whiff" of absolute space can be observed in Copernicus's De revolutionibus orbium coelestium, where Copernicus uses the concept of an immobile sphere of stars.
Einstein synchronisationEinstein synchronisation (or Poincaré–Einstein synchronisation) is a convention for synchronising clocks at different places by means of signal exchanges. This synchronisation method was used by telegraphers in the middle 19th century, but was popularized by Henri Poincaré and Albert Einstein, who applied it to light signals and recognized its fundamental role in relativity theory. Its principal value is for clocks within a single inertial frame.
Tax havenA tax haven is a term, sometimes used negatively and for political reasons, to describe a place with very low tax rates for non-domiciled investors, even if the official rates may be higher. In some older definitions, a tax haven also offers financial secrecy. However, while countries with high levels of secrecy but also high rates of taxation, most notably the United States and Germany in the Financial Secrecy Index ("FSI") rankings, can be featured in some tax haven lists, they are often omitted from lists for political reasons or through lack of subject matter knowledge.
Hyperbolic orthogonalityIn geometry, the relation of hyperbolic orthogonality between two lines separated by the asymptotes of a hyperbola is a concept used in special relativity to define simultaneous events. Two events will be simultaneous when they are on a line hyperbolically orthogonal to a particular time line. This dependence on a certain time line is determined by velocity, and is the basis for the relativity of simultaneity. Two lines are hyperbolic orthogonal when they are reflections of each other over the asymptote of a given hyperbola.
Industrial engineeringIndustrial engineering is an engineering profession that is concerned with the optimization of complex processes, systems, or organizations by developing, improving and implementing integrated systems of people, money, knowledge, information and equipment. Industrial engineering is central to manufacturing operations. Industrial engineers use specialized knowledge and skills in the mathematical, physical and social sciences, together with the principles and methods of engineering analysis and design, to specify, predict, and evaluate the results obtained from systems and processes.
Ladder paradoxThe ladder paradox (or barn-pole paradox) is a thought experiment in special relativity. It involves a ladder, parallel to the ground, travelling horizontally at relativistic speed (near the speed of light) and therefore undergoing a Lorentz length contraction. The ladder is imagined passing through the open front and rear doors of a garage or barn which is shorter than its rest length, so if the ladder was not moving it would not be able to fit inside.
Twin paradoxIn physics, the twin paradox is a thought experiment in special relativity involving identical twins, one of whom makes a journey into space in a high-speed rocket and returns home to find that the twin who remained on Earth has aged more. This result appears puzzling because each twin sees the other twin as moving, and so, as a consequence of an incorrect and naive application of time dilation and the principle of relativity, each should paradoxically find the other to have aged less.
