Equilibrium


 

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Equilibrium

1. A state of balance between offsetting forces for change, so that no change occurs. 2. In competitive markets, equality of supply and demand.

Equilibrium

The stable state of the system. See: Attractor.



Equilibrium

Similar Matches

Equilibrium position

Equilibrium position

Same as equilibrium level, though perhaps of several variables at once, perhaps as displayed in a graph.


One cone equilibrium

One cone equilibrium

A free-trade equilibrium in the Heckscher-Ohlin Model in which prices are such that all goods can be produced within a single country, and there is only one diversification cone. This will arise if countries' factor endowments are sufficiently similar compared to factor intensities of industries. Contrasts with multi-cone equilibrium.


Computable general equilibrium

Computable general equilibrium

Refers to economic models of microeconomic behavior in multiple markets of one or more economies, solved computationally for equilibrium values or changes due to specified policies. The equations are anchored with data from the countries being modeled, while behavioral parameters are either assumed or adapted from estimates elsewhere.


Two cone equilibrium

Two cone equilibrium

A free-trade equilibrium in the Heckscher-Ohlin Model in which prices are such that all goods cannot be produced within a single country, and instead there are two diversification cones. This, or a multi-cone equilibrium, will arise if countries' factor endowments are sufficiently dissimilar compared to factor intensities of industries. Contrasts with one cone equilibrium.


Equilibrium price

Equilibrium price

The price when the supply of goods matches demand.


Further Suggestions

Balance of payments equilibrium
Disequilibrium
Equilibrium rate of interest
Market equilibrium
General equilibrium
Partial equilibrium
Equilibrium level
Equilibrium exchange rate
Nash equilibrium
Multi-cone equilibrium


 
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