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The growth of a system, whether an economy or a population, is often expressed in terms of a quantity called the doubling time, which is simply the time it takes for the size of the system to double. Exponential growth is characterized by having a constant doubling time, which also sounds fairly harmless until one realizes that it implies, for example, that it would take the same time for a population to double from ten thousand to twenty thousand, thereby adding just ten thousand people, as it would for it to double from 20 million to 40 million, thereby adding a humongous 20 million people. ...more
Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life, in Organisms, Cities, Economies, and Companies
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