Equilibrium Theory

Equilibrium Theory is a concept in various fields, such as economics, ecology, and physics, suggesting that systems tend to maintain balance and stability. In economics, it refers to a situation where supply equals demand, meaning markets operate efficiently without excesses or shortages. In ecology, it describes how species populations remain stable over time within an environment. Essentially, equilibrium occurs when opposing forces or influences are in balance, resulting in a stable state that requires minimal change unless disturbed by external factors. Understanding equilibrium helps analyze how systems function and respond to changes.