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economic equilibrium

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  • Economic equilibrium — Price of market balance: P price Q quantity of good S supply D demand P0 price of market balance A surplus of demand when P<P0 B surplus of supply when P>P0 In economics, economic equilibrium is a state of the world where economic forces… …   Wikipedia

  • Economic Equilibrium — A condition or state in which economic forces are balanced. These economic variables will be unchanged from their equilibrium values in the absence of external influences. Economic equilibrium may also be defined as the point where supply equals… …   Investment dictionary

  • economic equilibrium clause — USA A type of stabilization clause contained in a host government agreement (HGA) or other international investment agreement between a host government and a foreign investor that protects foreign investors from laws and regulations adopted after …   Law dictionary

  • bio-economic equilibrium — the simultaneous biological and economic equilibrium in a fishery. In a single stock model, the biological equilibrium condition is that the rate of change of the stock be zero. The economic equilibrium condition is that there be no change in… …   Dictionary of ichthyology

  • Equilibrium — is the condition of a system in which competing influences are balanced and it may refer to:cienceBiology* Equilibrioception, the sense of balance present in humans and animals * Homeostasis, the ability of an open system, especially living… …   Wikipedia

  • Economic calculation problem — The economic calculation problem is a criticism of socialist economics. It was first proposed by Ludwig von Mises in 1920 and later expounded by Friedrich Hayek.cite book title= Economic calculation in the Socialist Commonwealth accessdate=2008… …   Wikipedia

  • equilibrium — e|qui|lib|ri|um [ˌi:kwıˈlıbriəm] n [singular, U] [Date: 1600 1700; : Latin; Origin: aequilibrium, from aequi ( EQUI ) + libra weight, balance ] 1.) a balance between different people, groups, or forces that compete with each other, so that none… …   Dictionary of contemporary English

  • Economic history of India — Economic history of India, in the sense of the meaning of the term economic in its current sense, is at least 5,000 years oldFact|date=November 2007. Indus Valley Civilization The Indus Valley civilization, the first known permanent and… …   Wikipedia

  • Economic shortage — is a term describing a disparity between the amount demanded for a product or service and the amount supplied in a market. Specifically, a shortage occurs when there is excess demand; therefore, it is the opposite of a surplus. Economic shortages …   Wikipedia

  • Economic efficiency — is used to refer to a number of related concepts. A system can be called economically efficient if: * No one can be made better off without making someone else worse off. * More output cannot be obtained without increasing the amount of inputs. * …   Wikipedia

  • Economic interdependence — is a consequence of specialization, or the division of labor, and is almost universal. It was described as early as 1828, when A. A. Cournot wrote: : but in reality the economic system is a whole of which the parts are connected and react on each …   Wikipedia

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