Meaning of partial equilibrium | Babel Free
Definitions
A state of equilibrium as analysed in a specific part of an economy while ignoring the possible effects of changes in this part on the rest of the economy.
uncountable
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.