Economic equilibrium
id:
economic-equilibrium-225-2812855
title:
Economic equilibrium
text:
In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. For example, in the standard text perfect competition, equilibrium occurs at the point at which quantity demanded and quantity supplied are equal. Market equilibrium in this case is a condition where a market price is established through competition such that the amount of goods
brand slug:
wiki
category slug:
encyclopedia
description:
Situation where economic forces are balanced
original url:
https://en.wikipedia.org/wiki/Economic_equilibrium
date created:
2003-05-15T22:11:17Z
date modified:
2024-09-14T21:28:29Z
main entity:
{"identifier":"Q836133","url":"https://www.wikidata.org/entity/Q836133"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/8/8c/Supply-demand-equilibrium.svg","width":217,"height":217}
fields total:
13
integrity:
16