The Hawkins–Simon condition is a criterion used in economics, particularly in input-output analysis, to determine the feasibility of a production system. It is named after the economists R. J. Hawkins and R. L. Simon, who introduced this condition in the context of linear production models. In simple terms, the Hawkins–Simon condition states that a certain system of production can be sustained in equilibrium if the total inputs required for production do not exceed the total outputs available.

Articles by others on the same topic (0)

There are currently no matching articles.