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dbpedia:General_equilibrium_theory
rdfs:comment
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 a set of prices exists that will result in an overall (or "general") equilibrium. General equilibrium theory contrasts to the theory of partial equilibrium, which only analyzes single markets.
rdfs:seeAlso
dbpedia:New_classical_macroeconomics dbpedia:Sonnenschein–Mantel–Debreu_theorem dbpedia:Fundamental_theorems_of_welfare_economics