Steady-state economy


Published in: wikipedia > english > Steady-state economy | Published on 30/Apr/2018 08:50

A steady-state economy is an economy consisting of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow. The term typically refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist A...[Read More]



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