what is energy? what is energy according to economy
Answers
Answer:
Energy economics studies energy resources and energy commodities, and includes: forces motivating firms and consumers to supply, convert, transport, use energy resources, and to dispose of residuals; market structures and regulatory structures; distributional and environmental consequences; economically efficient use.
Explanation:
The capacity of doing work is known as energy.
• The sun is the biggest source of energy.
• Most of the energy sources are derived from the sun.
• Some energy received from nucleus of atoms, interior of the earth and the tides.
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➜ The amount of energy possessed by a body is equal to the amount of work it can do.
➜ Working body looses energy, body on which work is done gains energy.
➜Energy is a scaler quantity.
➜ SI unit of energy is Joule (J) and its bigger units is KJ (kilo joule).
1 KJ = 1000 J