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Explain general equilibrium in one sentence. - Economics

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प्रश्न

Explain general equilibrium in one sentence.

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उत्तर

General equilibrium refers to the position in which all units of an economy, including consumers and firms, are simultaneously in equilibrium, reflecting the interdependence of all economic units within the whole economy.

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अध्याय 16: Basic Concepts of Macro Economics - TEST QUESTIONS [पृष्ठ १६.८]

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आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 16 Basic Concepts of Macro Economics
TEST QUESTIONS | Q A. 7. | पृष्ठ १६.८
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