A system is said to be social equilibrium when there is a dynamic working balance among its interdependent parts.
Asymmetric equilibrium refers to a situation in which two opposing forces or parties reach a balance despite differences in power, resources, or capabilities. In this scenario, the equilibrium is sustained despite asymmetries in the factors influencing the parties involved.
Firm equilibrium refers to a situation where a firm achieves a balance between its costs and revenues, maximizing profits. This is attained when the firm produces the level of output where marginal cost equals marginal revenue. It represents the point of optimization for the firm.
No, internal equilibrium is not the same as quasi equilibrium. Internal equilibrium refers to a system being in a state where there is no net change in composition, while quasi equilibrium refers to a process that occurs almost at equilibrium, but not necessarily at the exact equilibrium point.
Unique equilibrium refers to a situation in game theory where there is only one outcome for each player that maximizes their payoffs given the decisions of the other players. This ensures that all the players have a clear, optimal choice to make in the game, resulting in a single, stable solution.
Static equilibrium in economics refers to a situation where the demand for a product equals its supply in a given market at a particular point in time, resulting in no incentive for price changes. Graphically, static equilibrium is shown at the point where the demand curve intersects the supply curve, indicating a stable market price and quantity.
Market equilibrium is this situation when market demand is equal of market supply
In any situation in which an object doesn't move, it is in equilibrium.
A system is said to be social equilibrium when there is a dynamic working balance among its interdependent parts.
That situation is called a Hardy-Weinberg equilibrium. Not actually seen outside of the lab.
A stable situation in which forces cancel one another.
There is no surplus or shortage
There is no surplus or shortage
A state of equilibrium.
Any object resting on a table, on the floor, etc., is said to be in equilibrium. The amount of money in a bank account never changes
Any object resting on a table, on the floor, etc., is said to be in equilibrium. The amount of money in a bank account never changes
A situation in which a population's frequency of traits remains relatively constant is known as genetic equilibrium or Hardy-Weinberg equilibrium. This equilibrium occurs when no evolutionary forces are acting on the population, such as natural selection, genetic drift, mutation, or gene flow.
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.