The absence of opportunities to earn a risk-free profit with no investment, ensuring market equilibrium.
Exploration and understanding of market equilibrium, where supply and demand in a market are equal at the prevailing price.
Equilibrium in an economy with competitive markets where agents maximize their objectives under constraints, and all markets clear.
The quantity of a good supplied and demanded when the market price has reached a level where supply equals demand.
The state in which multiple markets in an economy are simultaneously in equilibrium.
Definition and meaning of market clearing in economics
An equilibrium where agents with differing characteristics choose the same action, common in markets such as insurance.
