Concept information
Preferred term
partial equilibrium
Definition
- Equilibrium is the condition of balance among the forces acting on a system. Partial equilibrium focuses on the conditions within the system without considering its effects on, or effects from, other systems. [Source: Encyclopedia of Business Ethics and Society; Partial Equilibrium]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/partial_equilibrium
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