The reaction rate or rate of reaction for a reactant or product in a particular reaction is intuitively defined as how fast a reaction takes place. For example, the oxidation of iron under the atmosphere is a slow reaction which can take many years, but the combustion of butane in a fire is a reaction that takes place in fractions of a second.
Chemical kinetics is the part of physical chemistry that studies reaction rates. The concepts of chemical kinetics are applied in many disciplines, such as chemical engineering, enzymology and environmental engineering.Rate of a reaction is always positive. '-' sign is present in the reactant involving terms because the reactant concentration is decreasing.)The IUPAC recommends that the unit of time should always be the second. In such a case the rate of reaction differs from the rate of increase of concentration of a product P by a constant factor (the reciprocal of its stoichiometric number) and for a reactant A by minus the reciprocal of the stoichiometric number.