Meaning of the word "market equilibrium" in English
What does "market equilibrium" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
market equilibrium
US /ˈmɑːrkɪt ˌiːkwɪˈlɪbriəm/
UK /ˈmɑːrkɪt ˌiːkwɪˈlɪbriəm/
Noun
1.
a state where the supply of a good or service is equal to its demand, resulting in a stable price
Example:
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At market equilibrium, there is no shortage or surplus of goods.
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Economists study how supply and demand interact to reach market equilibrium.
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