Equilibrium

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Equilibrium

The stable state of the system. See: Attractor.

Equilibrium

A state of stable prices brought about by the rough equality of supply and demand. This applies for consumer goods, securities, and most other goods and services.

equilibrium

a state of balance with no tendency to change. See EQUILIBRIUM MARKET PRICE, EQUILIBRIUM LEVEL OF NATIONAL INCOME, DISEQUILIBRIUM.
References in periodicals archive ?
However, this parameter only has physical meaning when the system is in local thermodynamic equilibrium [40].
Coronas, "Modified thermodynamic equilibrium model for biomass gasification: a study of the influence of operating conditions," Energy & Fuels, vol.
Well before the days of Chandrasekhar, Milne elaborated further on local thermal equilibrium in the gaseous framework: "The interior of a star is in a state of local thermodynamic equilibrium of this character.
The results of theoretical thermodynamic equilibrium calculations are compared with experimental values for verifications of these calculations.
This apparent equilibrium constant is related to the true thermodynamic equilibrium constant, [K.
The disturbance of the thermodynamic equilibrium in cutting as a result of the self-organized process of friction leads to thermodynamic hardening of the plastic machined material that forms stagnant dissipative structures in the form of outgrowths on the front surface of a cutting edge.
That is to say, work, for whatever acknowledgeable reasons it is undertaken by organisms or societies, is at bottom one way that the Universe takes in its search to reach thermodynamic equilibrium as quickly as possible.
eq] it would be necessary to carry out a long relaxation test leading to the thermodynamic equilibrium, which is experimentally difficult (if not impossible).
According to the Gaines and Thomas (1953) approach, the thermodynamic equilibrium constant ([K.
National Laboratory, the "right" disorder might be comparable to the thermodynamic equilibrium of a gas.
Frequently used work tools include heat treating furnaces with a wide variety of atmospheres, metallurgical examinations, atmosphere analyses, thermodynamic equilibrium and diffusional calculations, as well as computational fluid dynamics modeling.