Intro to Mathematical Economics
A homogeneous system is a type of system of linear equations where all the constant terms are equal to zero. This means that the equations can be expressed in the form $$Ax = 0$$, where A is a matrix of coefficients and x is a vector of variables. A homogeneous system always has at least one solution, which is the trivial solution where all variables are set to zero. However, it can also have infinitely many solutions depending on the relationships between the equations.
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