What is power law and 2 examples
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The power law (also called the scaling law) states that a relative change in one quantity results in a proportional relative change in another. The simplest example of the law in action is a square; if you double the length of a side (say, from 2 to 4 inches) then the area will quadruple (from 4 to 16 inches squared).
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power law also called the scaling law states that relative change in one quantity results in a proportional relative change in another
two examples of power law as follow
- peritos law of income distribution
- self similarities of fractals
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