Why microeconomic is called partial equilibrium analysis?

Answer 1

Equilibrium means equality or the balance of something, so partial equilibrium would mean that something is either partially equal or balanced as a whole, or only parts of something is balanced, while other parts are not equal.

Answer 2

we can study economic relations by applying the ceteris paribous assumption or otherwise. If we use the ceteris paribous assumption in economic model these approach is called the partial equlibrium approach.Under this approach we assume that other things are constant.Here we seek how the relevant variables get in equilibrium,even the other things.Alfred Marshall is called as the champion of the partial equlibrium approch