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Partial

Posted by Amanjot Singh 5 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Andro Tech Gamer 5 years, 8 months ago

Partial equilibrium refers to the equilibrium in one market i.e.commodity market on the assumption that there is no change in other market i.e.labour and capital market. It is the method of study in microeconomics. General equilibrium:- refers to the simultaneous equilibrium in all the market.It is the method of study in macroeconomics.. .....................................

Amanjot Singh 5 years, 8 months ago

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