paper is to analyse the relationship and interdependence between thermodynamics and economics, and it aims to show … similarities, analogies and correspondence between the main categories, methods and models of thermodynamics on one hand, and … economics on the other. The paper analyses the relation between economics and thermodynamics, as well as the probability …

primarily with energy is called thermodynamics. The study of thermodynamics yields the central link between economic activity … and its environmental impact. Understanding basic insights of thermodynamics enables decision-makers in environmental … connection between physical work and heat. Then we explain the two main Laws of Thermodynamics and go into detail about the …

between nature and economy. By focusing on the interconnections between fundamental concepts e.g. of time, thermodynamics …

dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has … decisional opportunity level is being discussed. It can be shown that from the perspective of thermodynamics the threat by …