What is another word for general equilibrium?
Pronunciation: [d͡ʒˈɛnəɹə͡l ˌiːkwɪlˈɪbɹi͡əm] (IPA) 
General equilibrium refers to the state where various economic forces in an economy are in balance. It's a core concept in economics that helps in predicting the likely outcomes of various economic policies and decisions. However, there are various synonyms that are used to refer to general equilibrium. Some of the most common terms include macroeconomic equilibrium, market equilibrium, and economic balance. These terms all relate to the state where all market players are in balance, and prices are in harmony with the available resources. Additionally, they seek to describe the relationship between supply and demand across different goods and services in the overall market economy.
