"Golden Ratio" in economics – what is it?
A few words about the 'golden ratio' in the traditional sense. It is believed that if a segment is divided into parts such that the smaller part relates to the larger part as the larger part relates to the whole segment, this division gives a proportion of 1/1.618, which the ancient Greeks borrowed from even more ancient Egyptians, calling it the 'golden ratio'. Many architectural structures […]
