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In Economics, an equilibrium population N is at once the smallest number of people who can produce the given output Q, and also the largest number of people who can survive with the same output Q. [This definition first appeared in Mohammad Gani's doctoral dissertation at New York University in 1995.]
An equilibrium magnitude is determined by identifying at least two terminations: first, something terminates the variable from being any larger than what it is. Second, something else terminates the variable from being any smaller than what it is.
An equilibrium cannot be defined except in a functional form. Thus variable N is said to be in equilibrium with respect to variable Q two time over. First, to produce any given quantum of output Q, a determinate number of people N must work. The population cannot be any smaller for the given output level. Secondly, people consume the output and the given output cannot support any population larger than N.
Theoretically, the growth rate of the equilibrium population must be zero: it must neither increase nor decrease.
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