it is a condition of price stability,where the quantity demanded equal the quantity supplied.
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Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
Market equilibrium is this situation when market demand is equal of market supply
It was found experimentally that Market has to re-establish Equilibrium via Market mechanism. Such that Market equilibrium is a desired status in the market where both suppliers and Consumers will tend re-establish market equilibrium (through demand & Supply) undeliberately.
Equilibrium and economies scale in market economy