Equilibrium(redirected from functional equilibrium)
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The stable state of the system. See: Attractor.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
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equilibriuma state of balance with no tendency to change. See EQUILIBRIUM MARKET PRICE, EQUILIBRIUM LEVEL OF NATIONAL INCOME, DISEQUILIBRIUM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005