market equilibrium

USAGE SUMMARY

The phrase "market equilibrium" is correct and usable in written English.
It can be used in economic discussions to refer to a state where supply and demand are balanced, and prices stabilize. Example: "In a competitive market, the price will adjust until it reaches market equilibrium, where the quantity supplied equals the quantity demanded."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

These market imperfections surrounding us are mere deviations from the harmony of market equilibrium.

The New York Times

All this came not from the magic of market equilibrium but from federal policy.

The New York Times

That goes against the traditional thinking about market equilibrium -- that companies always try to get the best price.

The New York Times

Market equilibrium in a wholly deregulated taxi industry comes only when the desperate have driven out the good.

The Guardian - Tech

As Strauss-Kahn nothe, the US and EU countries have unsuccessfully taken "extraordinary measures" to restore market equilibrium.

The Guardian - Business

Stylized example, red line: goods market equilibrium, blue line: labor market equilibrium.

Journal of Economic Structures

GFPM simulates dynamic market equilibrium for the global forest sector.

The Global Forest Products Model Structure, Estimation, and Applications

Section 4 describes the analysis of market equilibrium on IPGN.

Journal of Modern Power Systems and Clean Energy

This result shows game-theoretic connections between these two market equilibrium concepts.

Journal of Mathematical Economics

Theories of search friction in labour market equilibrium go beyond the limitation presented above.

IZA Journal of Labor Economics

Labor market equilibrium Equilibrium in the labor market is trivially obtained.

SERIEs

Expert writing Tips

Best practice

When discussing "market equilibrium", clearly define the specific market you are analyzing (e.g., labor market, housing market, or a specific product market) to provide context.

Common error

Avoid assuming that "market equilibrium" represents a perfect or ideal outcome. It simply indicates a balance of supply and demand, which may still result in inequalities or inefficiencies.

Linguistic Context

The phrase "market equilibrium" functions as a noun phrase, typically used as a subject or object in sentences discussing economic principles. Ludwig's examples show it referring to a state of balance between supply and demand.

Expression frequency: Very common

Frequent in

Science

53%

News & Media

32%

Formal & Business

15%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "market equilibrium" is a fundamental concept in economics, representing the state where supply and demand are balanced. Ludwig AI analysis confirms its grammatical correctness and frequent usage in academic, news, and business contexts. While widely used, it's important to remember that "market equilibrium" doesn't necessarily imply a perfect or equitable outcome. Alternative phrases like "equilibrium price" and "supply-demand balance" offer nuanced ways to describe this core economic principle.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Equilibrium price

Focuses on the price point where supply and demand meet, rather than the overall state of the market.

Balancing point of supply and demand

Emphasizes the dynamic process of balancing supply and demand forces.

Market clearing price

Highlights the price at which all goods supplied are purchased.

Supply-demand balance

Highlights the state of market when supply and demand forces are equal.

Price discovery

Describes the process through which the equilibrium price is determined.

Economic equilibrium

Broader term that encompasses equilibrium in various aspects of the economy, not just the market.

Stable market condition

Describes market when the quantity supplied equals the quantity demanded and prices remain stable.

Clearing the market

Describes how the market arrives at a price where supply equals demand.

Market stability

Focuses on the overall stability of the market due to balanced supply and demand.

Optimal allocation of resources

Highlights that markets achieve an efficient outcome where resources are optimally allocated.

FAQs

How is "market equilibrium" determined?

Market equilibrium is determined by the intersection of the supply and demand curves. This point indicates the price and quantity at which the quantity supplied equals the quantity demanded.

What happens when a market is not in "market equilibrium"?

When a market is not in equilibrium, there is either a surplus (excess supply) or a shortage (excess demand). Prices will typically adjust until the market reaches equilibrium.

What are some other terms that are similar to "market equilibrium"?

Similar terms include "equilibrium price", "market clearing price", and "supply-demand balance". Each emphasizes slightly different aspects of the same concept.

Can government intervention affect "market equilibrium"?

Yes, government interventions such as price controls, taxes, and subsidies can shift the supply or demand curves, leading to a new market equilibrium or preventing the market from reaching equilibrium at all.