“Total cost of all factors of production consumed or used in producing a good or service. ... Market price: Market price is the price at which a product is sold in the market. It includes the cost of production in the form of wages, rent, interest, input prices, profit etc”
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When air in contact with the ocean is at a different temperature than the sea surface, heat transfer by conduction takes place. The ocean also absorbs and stores energy from the sun, and when precipitation falls, it releases heat energy into the atmosphere.
Because water in the ocean holds a large amount of heat, the ocean has a major effect on climate. When air in contact with the ocean is at a different temperature than the sea surface, heat transfer by conduction takes place.
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