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Economic equilibrium

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1 Economic equilibrium on Mon Dec 27, 2010 6:41 pm

In economics, economic equilibrium is a state of the world where economic forces are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. It is the point at which quantity demanded and quantity supplied are equal.[1] Market equilibrium, for example, refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the equilibrium price or market clearing price and will tend not to change unless demand or supply change.

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2 Re: Economic equilibrium on Mon Jan 10, 2011 5:14 pm

Naval Station Mayport (IATA: NRB, ICAO: KNRB, FAA LID: NRB) is a major United States Navy base in Jacksonville, Florida. It contains a military airfield (Admiral David L. McDonald Field) with one asphalt paved runway (5/23) measuring 8,001 x 200 ft. (2,439 x 61 m).[1]
Since its commissioning in December 1942, NS Mayport has grown to become the third largest naval fleet concentration area in the United States. Mayport's operational composition is unique, with a busy harbor capable of accommodating 34 ships and an 8,000-foot (2,400 m) runway capable of handling most any aircraft in the Department of Defense inventory

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