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Static equilibrium (economics), the intersection of supply and demand in any market; Sunspot equilibrium, an economic equilibrium in which non-fundamental factors affect prices or quantities; Underemployment equilibrium, a situation in Keynesian economics with a persistent shortfall relative to full employment and potential output
One example is the liquid–vapor critical point, the end point of the pressure–temperature curve that designates conditions under which a liquid and its vapor can coexist. At higher temperatures, the gas comes into a supercritical phase, and so cannot be liquefied by pressure alone.
Atom economy. Atom economy (atom efficiency/percentage) is the conversion efficiency of a chemical process in terms of all atoms involved and the desired products produced. The simplest definition was introduced by Barry Trost in 1991 and is equal to the ratio between the mass of desired product to the total mass of reactants, expressed as a percentage.
For example, a mixture of SO 2 and O 2 is metastable as there is a kinetic barrier to formation of the product, SO 3. 2 SO 2 + O 2 ⇌ 2 SO 3 The barrier can be overcome when a catalyst is also present in the mixture as in the contact process , but the catalyst does not affect the equilibrium concentrations.
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics.
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 the interaction of demand and supply will result in an overall general equilibrium.
When it is completely settled, so that macroscopic change is no longer detectable, it is in its own thermal equilibrium. It is not implied that it is necessarily in other kinds of internal equilibrium. For example, it is possible that a body might reach internal thermal equilibrium but not be in internal chemical equilibrium; glass is an ...
In chemistry, chemical stability is the thermodynamic stability of a chemical system, in particular a chemical compound or a polymer. [1] Colloquially, it may instead refer to kinetic persistence, the shelf-life of a metastable substance or system; that is, the timescale over which it begins to degrade.