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partial equilibrium

[ˈpɑːrʃəl ˌɛkwɪˈlɪbriəm]
nounpl: partial equilibria
equilíbrio parcial
1. An economic analysis that examines the equilibrium of a single market or sector in isolation, assuming that changes in that market do not significantly affect other markets
The economist used partial equilibrium analysis to study the impact of a tax on the coffee market.
O economista usou análise de equilíbrio parcial para estudar o impacto de um imposto no mercado de café.
2. A state of balance in a single market where the quantity supplied equals the quantity demanded at a given price
The firm achieved partial equilibrium when supply and demand for its product were balanced.
A empresa alcançou equilíbrio parcial quando a oferta e demanda de seu produto estavam equilibradas.
Synonyms
partial market equilibriumsingle-market equilibrium
Antonyms
general equilibriumgeneral equilibrium analysis

Regional Variations

General Brazilian
equilíbrio parcial
Standard term used in Brazilian economics literature and education
Portugal
equilíbrio parcial
Standard term used in Portuguese economics and academic contexts

Related Idioms & Phrases

supply and demand equilibrium
market clearing price
ceteris paribus assumption
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