General equilibrium/Definition: Difference between revisions
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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 [[Supply and demand]]). | The 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]]). | ||
Revision as of 23:22, 22 May 2008
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General equilibrium [r]: The 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).