HOMOGENEOUS OF DEGREE ZERO: A property of an equation the exists if independent variables are increased by a constant value, then the dependent variable is increased by the value raised to the power of 0. In other words, for any changes in the independent variables, the dependent variable does not change. This is a special type of homogeneous equation. See also | homogeneous | production function | independent variable | dependent variable | homogeneous of degree n | homogeneous of degree one |
