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Development of the Sufficiency Economy Philosophy in the Thai
Development of the Sufficiency Economy Philosophy in the Thai

... capacity to ensure that the capacity was not beyond its ability to manage (i.e. no more purchase orders taken if the manufacturing capacity was limited), not aiming for short term gains. The business was also honest to a wide range of stakeholders and diversified its market and products. It did not ...
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Steady-state economy

A steady-state economy is an economy of relatively stable size. A zero growth economy features stable population and stable consumption that remain at or below carrying capacity. The term typically refers to a national economy, but it can also be applied to the economic system of a city, a region, or the entire planet. Note that Robert Solow and Trevor Swan applied the term steady state a bit differently in their economic growth model. Their steady state occurs when investment equals depreciation, and the economy reaches equilibrium, which may occur during a period of growth.
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