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ABSTRACT
The total differential is equal to the total change on production. a change in production is nothing but economic development or economic growth. The average growth rate from 2017 to 2025 is 5.96 and the S.D i5.94. As technology in short period is constant. The magnitude of growth will depend on the level of change in production and both are equal too. But there is a budget constrain. Within given constrain a producer should produce maximum output. It can be possible where isoquants tangents budget line. All equilibrium points will construct growth path.
Keywords:
Growth, Economic development, Production, Marginal physical products, Force, market, National income
Cite Article:
"growth equilibrium", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 7, page no.b401-b407, July-2025, Available :http://www.ijrti.org/papers/IJRTI2507157.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator