单词 | equilibrium |
释义 | equilibrium equilibrium /; / (also market equilibrium) noun [U; sing.]
CONSUMER EQUILIBRIUM, PARTIAL EQUILIBRIUM
(Economics ) a situation in which the amount of particular goods or services that people want to buy (demand) at a particular price equals the amount that businesses want to supply (supply): He believes that the steel market is reaching an equilibrium. The market is in equilibrium. the equilibrium rate of employment (= the supply of work and the demand for work are equal) ◆ House prices rose to 60 per cent above their equilibrium level before they crashed.
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