From Longman Dictionary of Contemporary Englishequilibriume‧qui‧lib‧ri‧um /ˌiːkwəˈlɪbriəm/ ●○○ noun [singular, uncountable] 1 EQUALa balance between different people, groups, or forces that compete with each other, so that none is stronger than the others and a situation is not likely to change suddenly The government is anxious not to upset the economic equilibrium.2 CALMa state in which you are calm and not angry or upset She struggled to recover her equilibrium.
Examples from the Corpus
equilibrium• The operation of the free market maintains an equilibrium between supply, demand and price.• Autarky equilibrium in Home is illustrated by figure 4.• The shock of Freddie's death had upset her equilibrium.• The temperature at which the solid and liquid are in equilibrium is called the freezing point.• We can predict an increase in equilibrium price greater than that caused by either change taken separately.• And, indeed, his theory is firmly rooted in his conception of equilibrium.• This, we recall from Chapter is the rationing function of equilibrium prices.• This account has so far been in partial equilibrium terms.• The path to the equilibrium in the game where is the mirror image of the example.• Using the equilibrium condition Q, Qi solve the equations to determine equilibrium price.• Given the assumptions of perfect mobility of factors and perfect information, this equilibrium should be consistent with zero unemployment.From Longman Business Dictionaryequilibriume‧qui‧lib‧ri‧um /ˌiːkwəˈlɪbriəm/ noun [uncountable] ECONOMICS the idea that there is a situation in an economy where supply and demand are naturally in balance. For example, the supply and demand of goods would be in balance through price changes, or the supply and demand of employment would be in balance through changes in wages → general equilibrium → market equilibrium → partial equilibriumOrigin equilibrium (1600-1700) Latin aequilibrium, from aequi- (EQUI-) + libra “weight, balance” 