Economics Dictionary of ArgumentsHome
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| Equilibrium Theory - Economics Dictionary of Arguments | |||
| Equilibrium theory: The equilibrium theory in economics posits that markets tend toward a state of balance where supply equals demand, determining prices and quantities exchanged. It suggests that in competitive markets, prices naturally adjust to reach this equilibrium, ensuring optimal allocation of resources and stability unless disrupted by external factors. See also Markets, Equilibrium._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
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| Neoclassical Economics | Equilibrium Theory | Neoclassical Economics | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2025-04-20 | |||
