Simple Economy: Model 3
This model shows the operation of a simple economy with two modifications made to Model 2 -- 1) feedback from production rate to consumption rate and 2) the use of a fractional rate input for calculating consumption rate.
In summary, lower fractional rates of consumption (based on production) result in higher levels of Savings.
In summary, lower fractional rates of consumption (based on production) result in higher levels of Savings.