In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.
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Economic equilibrium is deemed to have been achieved when, theoretically, the demand for goods and services by consumers is about equal with the supply of those goods and services into the economy by the suppliers. This is generally considered to have been achieved when market prices for most commodities stabilize, with little change. When equilibrium is achieved, inflation in the market is marginal.
equlibrium output and employment
When the wage rate paid to labour is below equilibrium wage, then labour is undersupplied. As firms require more labour to maximise their profit, they will slowly raise their wage rate (because revenue from labour > costs) until the equilibrium level is achieved (since no more profit is achieveable at this level).
The equilibrium price in a market is unique because it is the point where the quantity of goods or services supplied matches the quantity demanded by consumers. This balance is achieved when the forces of supply and demand intersect, resulting in a stable price that maximizes both producer and consumer welfare.
producers equilibrium is achieved with isoquants and isocost curves
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Equilibrium
No, passive equilibrium refers to a state where a system remains at rest or in a fixed position without external energy input. Equilibrium, on the other hand, is a state in which opposing forces or influences are balanced. Passive equilibrium can be a type of equilibrium but not all equilibriums are passive.
Economic equilibrium is deemed to have been achieved when, theoretically, the demand for goods and services by consumers is about equal with the supply of those goods and services into the economy by the suppliers. This is generally considered to have been achieved when market prices for most commodities stabilize, with little change. When equilibrium is achieved, inflation in the market is marginal.
you know.... thats a good question. i don tknow
Isostatic equilibrium is the balance between Earth's crust and the layer of mantle it floats on. The denser the crust is, the more it sinks into the mantle. Equilibrium is achieved when the crust floats at a certain level in the mantle.
When something is in mechanical equilibrium, it means that the forces acting on it are balanced, resulting in no net force or acceleration. This state is achieved by ensuring that the sum of all forces acting on the object is zero, which can be achieved by adjusting the magnitudes and directions of the forces until they cancel each other out.
equlibrium output and employment
cognitive equilibrium
Equilibrium is achieved when the rate of the forward reaction equals the rate of the reverse reaction, resulting in no net change in the concentrations of reactants and products. At equilibrium, chemical reactions continue to take place, but the overall concentrations of reactants and products remain constant.
Isostasy is a state of gravitational equilibrium where the weight of the Earth's crust is balanced by the buoyancy of the mantle below. This equilibrium is achieved when the crust floats on the denser mantle and remains in equilibrium at a certain level.