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Meaning of general equilibrium | Babel Free

Noun CEFR B2

Definitions

A state of simultaneous equilibrium as analysed in several or many interacting markets in an economy.

uncountable

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

General Esco general formula general goods General Government general hospital general insurance