Meaning General equilibrium model
What does General equilibrium model mean? Below you find one meaning for the word General equilibrium model You can also add a definition of General equilibrium model yourself

1

0 Thumbs up   0 Thumbs down

General equilibrium model


A general equilibrium model is a mathematical representation of an economy that includes all sectors and that makes income endogenous (determined within the model). It typically represents households [..]
Source: foodsecurityportal.org




<< Export parity price Imperfect substitute >>