noun
general equilibrium theory
Technical term in economics referring to a theoretical framework that analyzes the simultaneous equilibrium of all markets in an economy.
一般均衡理論は、すべての市場が同時に均衡する状態を分析する。
General equilibrium theory analyzes the state in which all markets are in equilibrium simultaneously.
Partial equilibrium theory analyzes a single market in isolation, while general equilibrium theory considers the entire economy.
Compound of 一般 (general), 均衡 (equilibrium), and 理論 (theory). The term is a direct translation of the English 'general equilibrium theory'.