general equilibrium
noun[U]
ukusECONOMICS
atheorythattriestoexplainthebehaviourofsupply,demand, andpricesin theeconomyas awhole:
Thegeneralequilibriummethodisbecominganessentialtoolfor theanalysisoftradeand otherissues.
Examplesofgeneral equilibrium
general equilibrium
As such, the conjecture is seen as providing some game-theoretic foundations for the usual assumption ingeneralequilibriumtheory of price taking agents.
From
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This example is from Wikipedia and may be reused under a CC BY-SA license.The real problems encountered in these and many other areas offer scope for thegeneralequilibriummathematical analysis of second-best policies.
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This example is from Wikipedia and may be reused under a CC BY-SA license.This was the first publication to attempt a rigorous statement of "stability conditions" forgeneralequilibrium.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Therefore,generalequilibriumtheory has traditionally been classified as part of microeconomics.
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This example is from Wikipedia and may be reused under a CC BY-SA license.He has published significant research in macroeconomics, especially monetary economics, international trade andgeneralequilibriumtheory.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Still others are complex but tractable enough to allow computable methods of solution, in particular computablegeneralequilibriummodels for the entire economy.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The solution of the resulting system of equations (both linear and non-linear) is thegeneralequilibrium.
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This example is from Wikipedia and may be reused under a CC BY-SA license.In contrast,generalequilibriummodels in the microeconomic tradition typically involve a multitude of different goods markets.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Entrepreneurship is difficult to analyse using the traditional tools of economics e.g. calculus andgeneralequilibriummodels.
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This example is from Wikipedia and may be reused under a CC BY-SA license.He was particularly fascinated bygeneralequilibriummodels which he considered to be the central paradigm of economic theory.
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This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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- point the way (to something)
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- point-towards-in-the-direction-of
- point-up
- pointy
- pointy end
- pointy-headed
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- poised
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- poisoned-chalice
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