This model states that in the economy where there are scarce resources and where there are full employment and potential being utilized there can not be further out production. The assumptions of this model are:
1. If there is full employment and product efficiency
2. There are fixed resources
3. The technology is also fixed
for further information click on the details: model
1. If there is full employment and product efficiency
2. There are fixed resources
3. The technology is also fixed
for further information click on the details: model
