I'm currently studying population growth models in Math class right now and is presented with different equations for different models.
I think I understand that we use $dP/dt = rP$ (where $r$ is the intrinsic growth rate and $P$ is the population) when we have infinite growth.
However, I'm struggling to find the difference between the models:
$dP/dt = rP(1-P/k)$ --> (where $r$ is the intrinsic growth rate, $P$ is the population and $k$ is the carrying capacity)
and
$dP/dt = r(k-P)$ -->(where $r$ is the intrinsic growth rate, $P$ is the population and $k$ is the carrying capacity)
as they both pertain to rate of growth with carrying capacity...
Any explanation/clarification is greatly appreciated!
In the second, $r$ is the intrinsic death rate, growth happens at $rk$ units per time unit.
Note that the first one of the problematic models is quadratic while the second one is linear. Thus the first has two fixed points at $0$ and $k$, while the second only has the one at $k$.