what is logistic growth and exponential growth in detail and in simple language
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when resources are unlimited then we see a rapid rate of growth which is called exponential but it is not possible so a new growth pattern was adopted which is called logistic growth Pattern which account for a finite resource availability and it's graph is S in shape
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Exponential growth :
Exponential growth is a pattern of data that shows greater increases with passing time, creating the curve of an exponential function.
Logarithmic growth :
In microbiology, the rapidly growing exponential growth phase of a cell culture is sometimes called logarithmic growth.
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