general equilibrium
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English
Noun
general equilibrium (uncountable)
- (economics) A state of simultaneous equilibrium as analysed in several or many interacting markets in an economy.
- Coordinate term: partial equilibrium
Derived terms
Further reading
- “general equilibrium”, in Merriam-Webster Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.
- “general equilibrium”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.