Definitions from Wikipedia (Competitive equilibrium)
▸ noun: (also called: Walrasian equilibrium) a concept of economic equilibrium, introduced by Kenneth Arrow and Gérard Debreu in 1951,K. Arrow, ‘An Extension of the Basic Theorems of Classical Welfare Economics’; G. Debreu, ‘The Coefficient of Resource Utilization’ appropriate for the analysis of commodity markets with flexible prices and many traders, and serving as the benchmark of efficiency in economic analysis.
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▸ noun: (also called: Walrasian equilibrium) a concept of economic equilibrium, introduced by Kenneth Arrow and Gérard Debreu in 1951,K. Arrow, ‘An Extension of the Basic Theorems of Classical Welfare Economics’; G. Debreu, ‘The Coefficient of Resource Utilization’ appropriate for the analysis of commodity markets with flexible prices and many traders, and serving as the benchmark of efficiency in economic analysis.
▸ Words similar to Competitive equilibrium
▸ Usage examples for Competitive equilibrium
▸ Idioms related to Competitive equilibrium
▸ Wikipedia articles (New!)
▸ Words that often appear near Competitive equilibrium
▸ Rhymes of Competitive equilibrium
▸ Invented words related to Competitive equilibrium