Question

what is the meaning of stationary state of an economy ​

Answer 1

A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. ... The world's mounting ecological problems have brought about a widening interest in the concept of a steady-state economy.

Answer 2

Answer:

A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time. The world's mounting ecological problems have brought about a widening interest in the concept of a steady-state economy.

Explanation:

A steady state economy is an economy of stable or mildly fluctuating size. The term typically refers to a national economy, but it can also be applied to a local, regional, or global economy.  A steady state economy entails stabilized population and per capita consumption.