What is another word for general equilibrium?

Pronunciation: [d͡ʒˈɛnəɹə͡l ˌiːkwɪlˈɪbɹi͡əm] (IPA)

General equilibrium refers to the state where various economic forces in an economy are in balance. It's a core concept in economics that helps in predicting the likely outcomes of various economic policies and decisions. However, there are various synonyms that are used to refer to general equilibrium. Some of the most common terms include macroeconomic equilibrium, market equilibrium, and economic balance. These terms all relate to the state where all market players are in balance, and prices are in harmony with the available resources. Additionally, they seek to describe the relationship between supply and demand across different goods and services in the overall market economy.

What are the hypernyms for General equilibrium?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    economic stability, dynamic equilibrium, economic equilibrium, MACROECONOMIC EQUILIBRIUM, Financial equilibrium, economic balance, global equilibrium, market balance, market stability.

Famous quotes with General equilibrium

  • Nature, who for the perfect maintenance of the laws of her general equilibrium, has sometimes need of vices and sometimes of virtues, inspires now this impulse, now that one, in accordance with what she requires.
    Marquis de Sade
  • Nature, who for the perfect maintenance of the laws of her general equilibrium, has sometimes need of vices and sometimes of virtues, inspires now this impulse, now that one, in accordance with what she requires.
    Marquis de Sade
  • The ability to work with systems of general equilibrium is perhaps one of the most important skills of the economist — a skill which he shares with many other scientists, but in which he has perhaps a certain comparative advantage.
    Kenneth Boulding

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