That is 'Economic Balance' Information:
Economic balance - a condition or the state in which economic forces are counterbalanced. Actually economic variables remain invariable from the values of balance for lack of external influences.
Economic balance can be also defined as point in which delivery equals to demand for a product with the price of balance existing where hypothetical curves of supply and demand are crossed.
Economic balance is also mentioned as balance of the market.
2019 - Economic balance
Economic balance, Information - 2019
DESTRUCTION of 'economic balance' Information:
Economic balance - point in which all economic factors or within a special product, the industry or within the market in general reach optimum balance between the supply and demand included in the cost of the included points. Economic balance of the term can be also applied to any number of variables (such as an interest rate) which allow the biggest growth of banking and non-material sector or which create ideal number of opportunities of employment within special sector.
States of economic balance
The condition of economic balance can be static or dynamic. Static balance remains invariable for a long time while dynamic balance is considered stable the equal but resisting forces. Besides, balance can exist at the same time in the uniform market or the repeated markets.
Assessment and economic balance
Concerning an assessment of a product there is a balance when the price for a product reaches a point in which demand for a product at that price equals to level of production or the connected current delivery. This point doesn't offer that all who can want a product, had an ability to buy it. Instead it is point in which all those who would like a product and is able to afford to buy it, to have opportunity to make so.
Destructions to economic balance
The balanced condition of economic balance can be destroyed by external factors, such as change in consumer preferences. It can lead to decline in demand and, therefore, a surplus condition in the market. In this case the temporary state of violation of balance of the market will prevail until new balance is defined.
Balance can be destroyed by certain large-scale events also. They can include the economic changes connected with events such as financial crisis of 2008 which resulted in considerable instability in the market of real estate or can include changes in response to large-scale natural disaster. For example, if the production object is destroyed on fire, the remaining delivery can not be sufficient to cover the long-term requirement. On the contrary, consumers who operate losses because of a flood, can redistribute their expenses based on new priorities, such as replacement of goods which were damaged. Besides, if the disaster results in temporary unemployment, consumer expenses for neodreams can decrease, having resulted in surplus of delivery.
Warning About Refusal! The information on our website may be out-of-date and not official. For more information, please visit the Bank's official website.
For credit, insurance and account opening issues, please contact the Bank's consultant by phone. Thank you for using our site.
If we don 't have accurate information or it is out-of-date, please notify us by E-mail.