partial equilibrium - meaning and definition. What is partial equilibrium
Diclib.com
ChatGPT AI Dictionary
Enter a word or phrase in any language 👆
Language:

Translation and analysis of words by ChatGPT artificial intelligence

On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:

  • how the word is used
  • frequency of use
  • it is used more often in oral or written speech
  • word translation options
  • usage examples (several phrases with translation)
  • etymology

What (who) is partial equilibrium - definition


Partial equilibrium         
CONCEPT IN ECONOMICS
In economics, partial equilibrium is a condition of economic equilibrium which analyzes only a single market, ceteris paribus (everything else remaining constant) except for the one change at a time being analyzed. In general equilibrium analysis, on the other hand, the prices and quantities of all markets in the economy are considered simultaneously, including feedback effects from one to another, though the assumption of ceteris paribus is maintained with respect to such things as constancy of tastes and technology.
Equilibrium point         
CONSTANT SOLUTION TO A DIFFERENTIAL EQUATION
Equilibrium points; Equilibrium solution; Point of Equilibrium
In mathematics, specifically in differential equations, an equilibrium point is a constant solution to a differential equation.
Competitive equilibrium         
ECONOMIC EQUILIBRIUM CONCEPT
Walrasian equilibrium; Competitive Equilibrium
Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium introduced by Kenneth Arrow and Gérard Debreu in 1951K. Arrow, ‘An Extension of the Basic Theorems of Classical Welfare Economics’ (1951); G.