Fiat currency and Merit order: Difference between pages

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imported>Doug Williamson
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A currency without intrinsic value.


Also known as ''fiat money''.
1. A way of ranking available sources of energy, especially electrical generation, in order of their costs of production, so that the most efficient are more likely to be called to generate, rather than less efficient plant.


2. Marginal economics of production when their marginal cost is below the power price.


== See also ==
== See also ==
* [[Gold standard]]
* [[Group accounts]]
* [[Cryptocurrency]]
* [[Merger accounting]]
* [[Bitcoin]]
* [[Reserves]]
* [[Money]]
 

Revision as of 14:20, 23 October 2012

1. A way of ranking available sources of energy, especially electrical generation, in order of their costs of production, so that the most efficient are more likely to be called to generate, rather than less efficient plant.


2. Marginal economics of production when their marginal cost is below the power price.

See also