general equilibrium

English

Noun

general equilibrium (uncountable)

1. (economics) A state of simultaneous equilibrium as analysed in several or many interacting markets in an economy.

   Coordinate term: partial equilibrium

Derived terms

• applied general equilibrium
• computable general equilibrium
• dynamic stochastic general equilibrium

 

Further reading

• “general equilibrium”, in Merriam-Webster Online Dictionary, Springfield, Mass.: Merriam-Webster, 1996–present.
• “general equilibrium”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.