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Electrical Power Economics/Introduction/Part2

< Electrical Power Economics | Introduction

This lesson is an Introduction to the economics of electrical power generation. The following are some important definitions.

Interest:

  • The cost of use of money.

Depreciation:

  • decrease in value of power station due to constant use.

These definitions are important as they will be tapped on to from time to time in this course. The student is encouraged to commit these to memory.

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