Question

What is the meaning of dynamic in economics?

Answer 1

The concept of dynamics is nearer to reality. In dynamic economics we study the economic variable like consumption function , income and investment in a dynamic state . according to professor Harrod , " Economic dynamics is the study of an economy in which rates of output are changing".

Answer 2

The concept of dynamics is nearer to reality. In dynamic economics we study the economic variable like consumption function , income and investment in a dynamic state . according to professor Harrod , " Economic dynamics is the study of an economy in which rates of output are changing".

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