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Analysts estimate that decline cost OPEC nations $65 billion in revenue.
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Although genome-based patient selection can help stem this decline, cost-effective personalized medicine will likely require that all patients be routinely screened and then directed to an appropriate therapy - the patient-centric approach.
Emerging diseases in animals, especially farm animals, involve economic losses through direct (deaths, culls, movement restriction, laboratory tests) and indirect (decreased consumption of animal products, tourism decline) costs.
The steadily declining cost of refrigeration has made eating much more interesting.
The idea has been dusted off again largely because of the declining cost of microprocessors.
Now, the declining cost of the technology needed to set up a home office may have made the centers passé.
Now, aided by the declining cost and increasing speed of microprocessors, far smoother sentences are possible, Dr. Rabiner said.
It turns out that instead, his comments related to the declining share of real estate commissions that agents are experiencing — and not a declining cost to consumers.
The rapidly declining cost of communications and computing power has already wrought huge changes in the way people go about their daily lives.
With the declining cost of DVD recorders, the film industry has been waging a legal battle with computer companies that sell software for copying DVDs.
The rapidly declining cost of renewable energy, particularly solar photovoltaic (PV) energy, provides a great opportunity for nations around the world to embrace a sustainable, low-carbon economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com