Consumption per Capita

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August 31, 2024 5 min read Definitions
Golden Rule: Economic and Political Principles
Economics Politics Economic Theory Capital-Labour Ratio Consumption per Capita Fiscal Policy Gordon Brown
In economic theory, the Golden Rule refers to the optimal relationship between the capital-labour ratio and population growth rate to maximize consumption per capita. In British politics, it refers to a fiscal policy implemented in 1997 under Gordon Brown.
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