You searched for:
“equilibrium”
equilibrium
The state of balance between opposing forces or effects.
When forces balance each other they are said to be in equilibrium.
This entry is located in the following unit:
Measurements and Mathematics Terms
(page 6)
Word Entries containing the term:
“equilibrium”
A macroeconomic situation in which national demand for goods and services equals a national supply of goods and services: The economy in anggregate equilibrium operates in full employment and and variation in aggregate demand can only lead to the change in the level of prices, not to a change in the output.
This entry is located in the following unit:
Economical, Business, and Financial Terms +
(page 1)