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Because demand curve and supply curve always change market never attain equilibrium does this imply the concept of equilibrium is not useful?
Wiki User
∙ 16y ago
Well it means that equilibrium is basically a dynamic process and it adjusts to the new situation where basic variables of the market has registered changes and the new endowment point becomes the need of the situation.
Wiki User
∙ 16y ago
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Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
What is the difference between equilibrium and disequilibrium price?
Equilibrium is when supply and demand is balanced or equivalent, whereas disequilibrium doesn't attain equilibrium which is either above or below equilibrium.
How can a consumer can attain equilibrium through ic curve?
consumer attains equilibrium if the price of good by seller is same as price decided by buyer.
What is the main concept behind mercantilism?
.The theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade.The practice, methods, or spirit of merchants; commercialism
Why do some researchers suggest that the the media present unrealistic body attain those physiques?
To drive up demand for products that people will buy in an attempt to attain those physiques
Consumer equilibrium utility approach?
when does consumer attain equilibrium under the utility approach
Why is heat transfered between to objects?
Heat is transfered because everything in the universe wants to attain equilibrium. most basic answer
What is the difference between equilibrium and disequilibrium price?
Equilibrium is when supply and demand is balanced or equivalent, whereas disequilibrium doesn't attain equilibrium which is either above or below equilibrium.
What is the condition that must exist in order for a body to attain equilibrium?
The equilibrium condition requires the sum of the forces on the body to be zero.
How can a consumer can attain equilibrium through ic curve?
consumer attains equilibrium if the price of good by seller is same as price decided by buyer.
How does adding more reactants effect equilibrium?
Le Chatelier's principle says that, when a equilibrium is disturbed by adding or removing one or more of the contents, the system will attain a new equilibrium to minimize its effect. So when reactants are added to the system, some of they will react and give products in order to gain the new equilibrium.
If a reaction is at equilibrium and you add reactants what happens?
If you continuously add reactants even after the reaction has attained the equilibrium then according to Le Chatelier's principle, the reaction will again proceed in forward direction in order to neutralise the reactants and once again the attain the state of equilibrium.
What is the Buddhism path to salvtion?
There is no concept similar to the Christian concept of salvation in Buddhism. The goal of Buddhists is to attain enlightenment, which can be explained as understanding fully the workings of the universe and liberation of desires and suffering. When one attain enlightenment they can then chose, upon their death, to either return to help others attain enlightenment or to remain in one of the pure abodes (something akin to being one with everything).
What is concept attainment and concept formation strategy?
In education, concept attainment means to attain new concepts on prior concept having approximately the same meaning, events or characteristics or retain learned concepts. It is done by the person himself. In education, concept formation means how to form concepts by applying certain rules and regulation and scientific procedure by the teacher or information giver.
Why is it difficult to attain consistency?
It is difficult to attain consistency because you have to be truthful, honest, reliable, trustworthy, enjoy routine, keep organize and dependable.
Can you be bad and yet attain Moksha?
The meaning of Moksha:Moksha is nothing but leading a normal life with pure involuntary force. The Involuntary force is also what we call Brahman. Thus, Moksha means becoming one with Brahman.Moksha means liberation. In layman's terms Moksha is liberation from social control. It is actually liberation from or getting rid of our Voluntary force.We need Voluntary force to make changes in our life.Brahman is unchanging because it is pure Involuntary force, without any voluntary force.Good Behavior and Moksha:When our behavior is perfectly acceptable to our society we don't need to be cautious and therefore we don't need voluntary force. Thus, sooner than later, we can discard the traces of Voluntary force we have and thus attain Moksha.Bad Behavior and Moksha:If we are bad then we must always be on guard and therefore we must always have lot of voluntary force. Thus, we can't attain Moksha because Moksha is nothing but getting rid of our Voluntary force.However, Hinduism is nothing but opposing forces in equilibrium. If most people are extremely good then Hinduism would automatically encourage some people to be bad. If one of the bad man can keep that Hindu society in equilibrium under varying conditions then he would have all the privileges a good man would have.If such a bad man is in equilibrium with his society under all conditions automatically then it means that he has attained Moksha.Thus, even a bad man can attain Moksha through Jnana Marga.
The after life for Buddhism religion?
In Buddhism re-borth comes after death. Eventually if you become enlightened you have an option to not be reborn and lose the concept of self (attain Nirvana)
