Situation when all of a population's production is used only for subsistence
A population is in Malthusian equilibrium when all of its production is used only for subsistence. Malthusian equilibrium is a locally stable and a dynamic equilibrium.
See also
References
- Pingle, Mark (Winter 2003), "Introducing Dynamic Analysis Using Malthus's Principle of Population", Journal of Economic Education, 34 (1): 3–20, doi:10.1080/00220480309595196