Assertion: general equilibrium | /r/UsedFor | refer to state
Facets:
value: with each other
type: OTHER
value: simultaneously
type: MANNER
Source sentences:
text: If this refers to a market for a single good, service, or factor of production it can also be referred to as partial equilibrium, as opposed to general equilibrium, which refers to a state where all final good, service, and factor markets are in equilibrium themselves and with each other simultaneously.