Well it means that equilibrium is basically a dynamic process and it adjusts to the new situation where basic variables of the market has registered changes and the new endowment point becomes the need of the situation.
Dynamic, as the name suggests, is always changing. It is very hard to follow a dynamic environmentA stable environment is something that doesn't change or doesn't change often.
dynamic process of creating incremental wealth is called Entrepreneurship. so search on entrepreneurship :)
learning-by-doing
as for the static effects: Trade Creation: When trade b/w custom union partners increases, this implies a shift in the Union to more efficient, competitive producers Trade Diversion:When imports from the less expensive world market are replaced by imports from a higher cost/less efficient partner country within the customs union Trade expansion: When lower market prices in one partner country stimulates total domestic demand which is satisfied by increased foreign trade with another partner countryI'm not sure about the dynamic effects of customs unions beyond the fact that they include structural adjustment and economic restructuring
As of July 2014, the market cap for Dynamic Materials Corporation (BOOM) is $293,383,737.76.
As of July 2014, the market cap for PIMCO Dynamic Income Fund (PDI) is $1,476,748,455.00.
As of July 2014, the market cap for Calamos Global Dynamic Income Fund (CHW) is $584,759,290.72.
As of July 2014, the market cap for Alpine Global Dynamic Dividend Fund (AGD) is $133,205,754.58.
As of July 2014, the market cap for Alpine Total Dynamic Dividend Fund (AOD) is $971,073,489.76.
As of July 2014, the market cap for PIMCO Dynamic Credit Income Fund (PCI) is $3,204,119,036.20.
Dynamic Online Listing
As of July 2014, the market cap for Flaherty & Crumrine Dynamic Preferred and Income Fund Inc. (DFP) is $436,966,197.42.
Like the best portfolio theory for today's market is based on the Dynamic Market Environment theory.
It means "New and dynamic market"
Because it's highly dynamic