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general equilibrium theory

theory of equilibrium between supply and demand

en-US/ˈd͡ʒɛnɹəl ˌikwəˈlɪbɹiəm ˌθiəˌɹi/
en-GB/ˈd͡ʒɛnɹəl ˌiːkwɪˈlɪbɹɪəm θɪəɹiː/

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economic theory