partial equilibrium
A state of equilibrium as analysed in a specific part of an economy while ignoring the…A state of equilibrium as analysed in a specific part of an economy while ignoring the possible effects of changes in this part on the rest of the economy.
Meaning
1 senses(uncountable)A state of equilibrium as analysed in a specific part of an economy while ignoring the possible effects of changes in this part on the rest of the economy.
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable