TITLE

stationary state (1776) Economics

PUB. DATE
January 2002
SOURCE
Dictionary of Theories;2002, p502
SOURCE TYPE
Book
DOC. TYPE
Reference Entry
ABSTRACT
A definition of stationary state, is presented. The term is referred to by Scottish economist Adam Smith. It is a situation of zero growth in which the stock of goods is always the same and rewards to factors of production are at a minimum.
ACCESSION #
40424222

 

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