what is equilibrium?
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Equilibrium is a state in which opposing forces or influences are balanced.
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- In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change
- Equilibrium, in physics, the condition of a system when neither its state of motion nor its internal energy state tends to change with time. For a single particle, equilibrium arises if the vector sum of all forces acting upon the particle is zero
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