Concept information
Preferred term
equilibrium (economics)
Definition
- Equilibrium is a condition of balance in which all influences on a system are held in check and no change occurs. Disequilibrium is the condition of change resulting from some alteration in these influences. [Source: Encyclopedia of Business Ethics and Society; Equilibrium]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/equilibrium_(economics)
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