Question

Distinguish between partial equilibrium and general equilibrium

Answer 1

Hey user,
here is your answer :-

>>>>>> The main difference between partial and general equilibrium is the determination of price and quantity in the market .
partial deal with only one market while general deal with the. market in the economy and their interaction .....

Hope it helps you !!!....
@JAat...

Answer 2

Distinguishing factors between partial equilibrium and general equilibrium are as follows:

• Partial and general equilibrium analysis focus on tax imposed market and many markets respectively.
• Partial equilibrium focuses on only in prices and effects of single generation.
• General equilibrium looks into price and quantity both and inter-generation.
• short run analysis and long run analysis are taken by partial and general equilibrium.