During the growth stage the input-output relationship reaches equilibrium.

Question

Quizplus · Accepted Answer

During the growth stage, the input-output relationship does not necessarily reach equilibrium. It is possible for output to continue increasing at a faster rate than inputs, leading to economies of scale and increasing returns to scale. Additionally, external factors such as technological advancements or changes in market demand can also impact the input-output relationship.

During the Growth Stage the Input-Output Relationship Reaches Equilibrium