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Map Of The United States Pictures for Given the static characterization of the economy we then examine conditions, regularities, and laws of behavior of the economic agents in the static state. An example of static economy is described by the condition that factors of production composed of capital, labor, and technology are given. Dynamics. Generally, dynamics is a time-dependent variable concept of the system. In economics, a system is defined as being dynamic when the key variables describing the state of the system at every time point are themselves functions of time. Time enters either as an implicit or explicit variable of the system whose motion may involve simultaneous changes along the time path, as well as shifts of the path, due to the behavior of the time-dependent key endogenous variables. The specific solution obtained for any posed problem in a dynamic system generally yields a set of vectors that will define a solution time path of the system. Map Of The United States Pictures 2016.