equilibrium
Definition
State of stable conditions in which all significant factors remain more or less constant over a period, and there is little or no inherent tendency for change. For example, a market is said to be in equilibrium if the amount of goods that buyers wish to buy at the current price is matched by the amount the sellers want to sell at that price. Also called steady state.
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equilibrium is in the Statistics, Mathematics, & Analysis subject.
equilibrium appears in the definitions of the following terms:
amplitude,
neo classical economics,
gold standard,
arbitrage pricing theory (APT),
economic man,
statics,
Tobin's 'q' theory,
steady state,
liberalism,
normal profit
and
equilibrium appears in these other terms: competitive equilibrium, market equilibrium, change equilibrium, partial equilibrium analysis, general equilibrium theory, dynamic equilibrium, general equilibrium, equilibrium price
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