1. A theoretical or mathematical representation of a system in a state of balance where opposing forces or factors are equal
The economist developed an equilibrium model to analyze market behavior.
O economista desenvolveu um modelo de equilíbrio para analisar o comportamento do mercado.
2. In economics, a framework showing how supply and demand interact to determine prices and quantities
The general equilibrium model explains how different markets are interconnected.
O modelo de equilíbrio geral explica como diferentes mercados estão interconectados.
3. In science, a model representing a system where all forces and reactions are balanced
The chemical equilibrium model predicts the concentrations of reactants and products.
O modelo de equilíbrio químico prevê as concentrações de reagentes e produtos.