Question

what is the meaning of stationary state of an economy ​

Answer 1

A steady-state economy is an economymade up of a constant stock of physical wealth (capital) and a constant population size. ... As Daly's concept of a steady-stateincludes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a stationary state.

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. ... As Daly's concept of a steady-state includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a stationary state.:

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