The Malthusian factors stated that growth was extensive, that is output level can only be increased if input levels are increased in the long run. In his model, the production function had fixed factor of production. He secondly stated that population growth function is an increasing function of per capita consumption. As, population increases, the demand for food increases, hence there are decreasing returns to scale leading to less food. According to his theory, population grows geometrically whereas the food supply grows arithmetically. This model compulsively stated how Positive and Preventive checks are the most important factors to keep the population in check. Preventive checks imply that the population is kept in check with the help
When the Mongols invaded China, there was civil was, hence huge amount lives were lost, wealth was used up in war, therefore the Chinese economy saw a decline. In spite of the prosperity in the previous dynasty it could not take economical shock that came its way due to the invasion. The population declined from 123.1 million in 1103 to 122.3 million in 1193 after the Mongol invasion. The Mongolians were known as the Yuan Empire (1279–1368). With the war, came in the plague. It hit China and population decreased even
Malthus and his factors were not the complete solution to the problem. They were explanatory but not sufficient to give reasons for all the transitions that happened in China’s economy relative to Europe in the time period of 960-1800. China did not see the industrial revolution inspire of leading in the game due to many adverse reasons such as inefficient institutions and fluctuating growth in population and incomes. Europe got to witness the revolution as it tried to extend its boundaries and take over other nations to add on to its already huge power. Its complex answer and as no right or wrong answer to it. It can only be sufficient or insufficient; in this case Malthus fails to explain the events with his