partial equilibrium

Noun

Meaning

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

Source: en.wiktionary.org

Examples

Partial equilibrium analysis is adequate when the first-order effects of a shift in the demand curve do not shift the supply curve. Source: Internet

Partial equilibrium main Partial equilibrium, as the name suggests, takes into consideration only a part of the market to attain equilibrium. Source: Internet

Close letter words and terms

partial eclipse partial english partial epilepsy partial evaluation partial excuse partial factor