economic equilibrium

listen to the pronunciation of economic equilibrium
English - Turkish
ekonomik denge
English - English
(Ekonomi) In economics, economic equilibrium is simply a state of the world where economic forces are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. It is the point at which quantity demanded and quantity supplied are equal. Market equilibrium, for example, refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the equilibrium price or market clearing price and will tend not to change unless demand or supply change
economic equilibrium

    Hyphenation

    e·co·no·mic e·qui·lib·ri·um

    Turkish pronunciation

    ikınämîk ikwılîbriım

    Pronunciation

    /ˌēkəˈnämək ˌēkwəˈləbrēəm/ /ˌiːkəˈnɑːmɪk ˌiːkwəˈlɪbriːəm/
Favorites