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A Malthusian economy.

A Malthusian economy.

Figure 2.16 A Malthusian economy.

Left-hand diagram: How wages depend on the population level

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Linking the two diagrams

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A lower population

Suppose the economy is at B, with a higher wage and lower population. Point B′, on the right, shows that the population will be rising.

Figure 2.16d Warhammer Warriors of Chaos Nurgle Lord or Champion on Mount,. Point B′, on the right, shows that the population will be rising.

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The economy returns to equilibrium

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