Steady-state economy

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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.

Excerpt from the Wikipedia article “Steady-state economy”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Д.Ильин: vectorization, translation, CC0, via Wikimedia Commons.