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Pavitar Parkash Singh, Lovely Professional University Unit-2: The Concept of Equilibrium

Notes
Unit-2: The Concept of Equilibrium

CONTENTS

Objectives
Introduction

2.1 Meaning

2.2 Static Equilibrium
2.3 Dynamic Equilibrium

2.4 Stable Vs Unstable Equilibrium
2.5 Neutral Equilibrium

2.6 Partial Equilibrium
2.7 General Equilibrium

2.8 Summary

2.9 Keywords
2.10 Review Questions

2.11 Further Readings

Objectives

After studying this unit, the students will be able to:
• Know the Logic of Equilibrium.
• Understand the Logic of Static Equilibrium.
• Know the Logic of Neutral Equilibrium.
• Understand the Logic of General Equilibrium.

Introduction

Equilibrium state presents a characteristic of equilibrium theory and that equilibrium is a state of
stability. Here motion plays a role to balance different powers. Once this condition is met, then there
is no tendency of going away from it.

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