General equilibrium/Definition: Difference between revisions

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imported>Nick Gardner
(New page: The state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see macroeconomics: the classical model).)
 
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The state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see [[macroeconomics]]: the classical model).
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A hypothetical state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see [[Supply and demand#Equilibrium and disequilibrium|Equilibrium and disequilibrium]]).

Latest revision as of 00:50, 7 February 2010

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General equilibrium [r]: A hypothetical state of a set of inter-related markets such that there is no excess supply nor excess demand in any market (see Equilibrium and disequilibrium).