A Model for Socioeconomic Studies.
Abstract:
A dynamic model has been developed for the study of socio-economic situations within a self-contained political entity. The model is concerned with economic growth and with the economic welfare of various social groups, differing in demographic statistics, training and education, labor efficiency, income, and wealth. The model includes various producing aggregates for business and government products and services. A computer simulation has been prepared and used to study solutions of a hypothetical socioeconomic problem.
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