partial equilibrium
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English[edit]
Noun[edit]
partial equilibrium (uncountable)
- (economics) A state of equilibrium as analysed in a specific part of an economy while ignoring the possible effects of changes in this part on the rest of the economy.
- Coordinate term: general equilibrium
Further reading[edit]
- “partial equilibrium”, in Cambridge English Dictionary, Cambridge, Cambridgeshire: Cambridge University Press, 1999–present.