The logistic growth equation models how a population grows in an environment with limited resources. The equation is:
\[
\frac{dN}{dT} = rN \left[ \frac{K - N}{K} \right]
\]
Here, \(N\) is the population size, \(T\) is time, and \(K\) is the carrying capacity of the environment, which is the maximum population size that the environment can sustain.
The variable ‘r’ in this equation represents the intrinsic rate of natural increase or the maximum per capita growth rate of the population under ideal conditions, without any limitations from resources or environmental factors.
This rate ‘r’ reflects how quickly the population would grow if there were unlimited resources. However, as the population size \(N\) approaches the carrying capacity \(K\), the growth slows down because resources become scarce, which is captured by the term \(\left[ \frac{K - N}{K} \right]\).
Therefore, ‘r’ is a key parameter indicating the potential growth rate of the population under optimal conditions.