Question

What is static and dynamic equilibrium in economics?

Answer 1

Answer:

Static economics studies only a particular point of equilibrium. But dynamic economics also studies the process by which equilibrium is achieved. ... Therefore, static analysis is a study of equilibrium only whereas dynamic analysis studies both equilibrium and disequilibrium

Explanation:

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Answer 2

Answer:

Equilibrium: • Static economics studies only a particular point of equilibrium. But dynamic economics also studies the process by which equilibrium is achieved. ... Therefore, static analysis is a study of equilibrium only whereas dynamic analysis studies both equilibrium and disequilibrium.