FACTOID # 140: In Switzerland, the average person has to work for 102 minutes to buy a kilogram of beef - one of the longest times in the developed world. On the other hand, they only have work 14 hours to buy a refrigerator for it.
 
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Encyclopedia > Static equilibrium (economics)

The intersection of supply and demand in any market where market is defined as any place virtual or otherwise where exchange occurs between buyers (demand) and sellers (supply).


  Results from FactBites:
 
Statics - Wikipedia, the free encyclopedia (396 words)
Statics is the branch of physics concerned with physical systems in static equilibrium, that is, in a state where the relative positions of subsystems do not vary over time, or where components and structures are at rest under the action of external forces of equilibrium.
When in static equilibrium, the system is either at rest, or moving at constant velocity through its center of mass.
Statics is thoroughly used in the analysis of structures, for instance in architectural and structural engineering.
Equilibrium - Wikipedia, the free encyclopedia (259 words)
Punctuated equilibrium, a part of evolutionary theory that states that speciation occurs relatively quickly with long periods of little change in between.
Economic equilibrium, a balance of supply and demand
Static equilibrium (economics), an intersection of supply and demand
  More results at FactBites »


 

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