Noun
A wheel which regulates the beats or pulses of a watch or chronometer, answering to the pendulum of a clock; -- often called simply a balance.
A ratchet-shaped scape wheel, which in some watches is acted upon by the axis of the balance wheel proper (in those watches called a balance).
A wheel which imparts regularity to the movements of any engine or machine; a fly wheel.
Source: Webster's dictionaryThe federal government is the balance wheel of the federal system, and the federal system means using counterweights. Pierre Trudeau
Several manufacturers of mechanical watch movements have incorporated silicon parts, mainly in the escapements and balance wheel regions. Source: Internet
The fork allowed it to achieve greater accuracy than conventional balance wheel watches. Source: Internet
Thus, the vision that monetary and fiscal policy should be used as a balance wheel, which forms a key element in the textbook policy revolution, deserves to be called Lernerian rather than Keynesian." Source: Internet