Home > Blossary: Glossary for Principles of Macroeconomics/Microeconomics
Useful terms for students who major in economy or who learn Principles of Macroeconomics/Microeconomics (N. Gregory Mankiw)

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Created by: zzcgood

Number of Blossarys: 7

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The quantity exchanged between buyers and sellers when a market is in equilibrium. The equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied, which means that there is no shortage nor surplus in the market. This is, in fact, the prime criterion for market equilibrium. If buyers are able to buy all of the good they're willing and able to buy (no shortage) and sellers are able to sell all of the good they're willing and able to sell (no surplus), then neither side of the market is inclined to change the existing terms of trade. And that's equilibrium.

Domain: Economy; Category: Economics

La cantidad intercambiada entre compradores y vendedores cuando un mercado está en equilibrio. La cantidad de equilibrio es al mismo tiempo igual a la cantidad demandada y la cantidad suministrada, que significa que no hay escasez ni excedentes en el mercado. Esto es, de hecho, el principal criterio para el equilibrio del mercado. Si los compradores son capaces de comprar todos del bien están dispuestos y capaces de comprar (sin faltas) y los vendedores son capaces de vender todos los buenos están dispuestos y capaces de vender (no hay superávit), entonces ninguno de los lados del mercado está inclinado a cambiar los términos existentes del comercio. Y eso es equilibrio.

Domain: Economy; Category: Economics

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