Economic Equilibrium
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In economics, economic equilibrium is simply a state of the world where economic forces are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. It is the point at which quantity demanded and quantity supplied are equal. Market equilibrium, for example, refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the equilibrium price or market clearing price and will tend not to change unless demand or supply change.
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GarantieWeitere Informationen
- Allgemeine Informationen
- GTIN 09786130282622
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- Sprache Englisch
- Genre Wirtschaft
- Größe H220mm x B150mm x T5mm
- Jahr 2010
- EAN 9786130282622
- Format Fachbuch
- ISBN 978-613-0-28262-2
- Titel Economic Equilibrium
- Untertitel Economic equilibrium, Supply and demand, Market clearing, Competitive equilibrium, Dynamic equilibrium, Equilibrium, General equilibrium theory, Partial equilibrium, Nash equilibrium
- Gewicht 136g
- Herausgeber Alphascript Publishing
- Anzahl Seiten 80
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