Give reason: Equilibrium is necessary in the various bio -geo -chemica

1.	Give reason: Equilibrium is necessary in the various bio -geo -chemical cycles. Give point wise ans.
Answer» ong>Answer: In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a WHOLE economy with several or many interacting MARKETS, by seeking to prove that the INTERACTION of demand and supply will result in an overall general equilibrium. General equilibrium theory CONTRASTS to the theory of partial equilibrium, which only analyzes SINGLE markets.

Give reason: Equilibrium is necessary in the various bio -geo -chemical cycles. Give point wise ans.

Answer»

ong>Answer:

In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a WHOLE economy with several or many interacting MARKETS, by seeking to prove that the INTERACTION of demand and supply will result in an overall general equilibrium. General equilibrium theory CONTRASTS to the theory of partial equilibrium, which only analyzes SINGLE markets.

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Give reason: Equilibrium is necessary in the various bio -geo -chemical cycles. Give point wise ans.

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