The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EQUILIBRIUM Definition & Legal Meaning

Definition & Citations:

State of stability. Condition where significant factors remain more or less constant over a period of time. Stability also measures a lack of inherent tendency for change. A market in equilibrium has an amount of goods that buyers wish to buy at the current price equal (or very near equal) to the amount of goods sellers want to sell at that price. Known also as steady state.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.