Equilibrium
A state of rest achieved by a balance of the forces that impel change; a market is said to be in equilibrium when the factors of production are used in the production of an array of consumer goods that maximize consumer welfare.
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A state of rest achieved by a balance of the forces that impel change; a market is said to be in equilibrium when the factors of production are used in the production of an array of consumer goods that maximize consumer welfare.
Source: NCREIF | Date: 05 September 2025 | ID: D1104 | Version: 1