Synonym: balance, firmness, soundness, stability, steadiness. Similar words: triumph, libra, library, planetarium, quilt, equip, filibuster, equity. Meaning: [‚ɪːkwɪ'lɪbrɪəm] n. 1. a chemical reaction and its reverse proceed at equal rates 2. a stable situation in which forces cancel one another 3. equality of distribution 4. a sensory system located in structures of the inner ear that registers the orientation of the head.
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61) In equilibrium at E the quantity Q is produced and consumed.
62) Imperfectly competitive industries are a source of market failure because free market equilibrium is no longer Pareto-efficient.
63) This account has so far been in partial equilibrium terms.
64) The implications for less partial equilibrium behaviour are less clear.
65) Equilibrium is a necessary condition toward which the organism constantly strives.
66) In this case the home country exports good 1, just as in the partial equilibrium model discussed in the previous section.
67) And, indeed, his theory is firmly rooted in his conception of equilibrium.
68) Equilibrium will be inefficient. 7 Distortions occur whenever free market equilibrium does not equate marginal social cost and marginal social benefit.
69) The pause was long enough to re-establish some sort of equilibrium between them.
70) A system is in chemical equilibrium when the rate of the forward reaction is equal to the rate of the reverse reaction.
71) The second is how to move the economy towards a position in which the balance of payments will be closer to equilibrium.
72) Since no Pareto gain is possible, the initial position - competitive equilibrium in both markets - is Pareto-efficient.
73) Free market equilibrium occurs at E. A government agency now provides information about the product.
74) In the long run the economy will tend to gravitate towards a position of Walrasian equilibrium.
75) The equilibrium at Oi l can, therefore,(Sentencedict) be described as a stable one.
76) Originally presented in terms of partial equilibrium analysis, it has been extended in two principal directions.
77) A rise in government expenditure adds directly to aggregate spending and hence will tend to increase the equilibrium level of aggregate demand.
78) Partial Equilibrium Analysis Let us first return to the partial equilibrium model of section 5.
79) The calculated value is less than the upper limit from Mariner 10, indicating that Mercury is close to hydrostatic equilibrium.
80) Knowledge consists of the overall state of the network at some equilibrium condition after it has responded to the input patterns.
81) Consider a candidate equilibrium in which every firm charges the same price P for its product.
82) Eventually, with r rising and g falling, r would exceed g, which is the only sustainable long-run equilibrium position.
83) Thus a rise in the price level leads to a fall in the equilibrium level of aggregate demand.
84) Using the equilibrium condition Q, Qi solve the equations to determine equilibrium price.
85) A dynamic equilibrium exists when two reversible or opposite processes are balanced.
86) The neo-classical view is that a perfectly competitive economy always tends towards its full employment equilibrium position.
87) Perfectly competitive free market equilibrium will then allocate resources efficiently.
88) Like externalities, they induce market failure. Free market equilibrium will not generally be efficient.
89) Graphically, the intersection of the supply curve and the demand curve for the product will indicate the equilibrium point.
90) The crucial point in this case is that it is no longer possible to reproduce the integrated equilibrium through trade.
More similar words: triumph, libra, library, planetarium, quilt, equip, filibuster, equity, require, required, equipment, requisite, equivocal, equivocate, equivalent, obsequious, requirement, fibre, vibrate, ad lib, libel, medium, tedium, sodium, guile, build, liberal, premium, stadium, guilty.