What is Equilibrium?

95 Views|1 Followers|Posted 9 years ago
Asked by Gagan Nishad
1 Answer
Lalit Bhandari
9 years ago
Hi Gagan, Equilibrium is the state of stable conditions in which all significant factors remain more or less constant over a period, and there is little or no inherent tendency for change. For example, a market is said to be in equilibrium if the amount of goods that buyers wish to buy at the cur

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