along with two inequality systems expressing economic efficiency. In this model, the (transposed) probability vector p represents the prices of the goods while the probability vector q represents the "intensity" at which the production process would run. The unique solution λ represents the growth factor which is 1 plus the rate of growth of the economy; the rate of growth equals the interest rate. Proving the existence of a positive growth rate and proving that the growth rate equals the interest rate were remarkable achievements, even for von Neumann.
ఆర్థిక వ్యవస్థ విజయవంతమైందా?
proving that the growth rate equals the interest rate were remarkable achievements, even for von Neumann