Tag: equilibrium
Law Of Supply
DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in...
Law Of Supply And Demand
DefinitionIn microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a...
Economic Equilibrium
DefinitionIn economics, economic equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences...
Radner Equilibrium
What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even...
Q
What is 'Q' A Nasdaq stock symbol specifying that a particular stock is in bankruptcy proceedings. Explaining 'Q' Nasdaq-listed...
Game Theory
What is 'Game Theory' Game theory is the study of human conflict and cooperation within a competitive situation. In some respects, game...