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Flux, Flow, and the Continuity Equation

The continuity equation describes a type of conservation law, specifically that a quantity can either be (locally) transported, generated, or destroyed. For the continuity equation to hold, a specific relationship between the density and flow of a quantity must be true, which we describe now:

According to Wikipedia, the continuity equation can be written in differential form as follows:

$$ \frac{\partial\rho}{\partial t} + \nabla \cdot \textbf{j} = \sigma $$

To understand this equation, we will define all the terms and operators, in addition to defining their units/types to make it clear why the equation makes sense.