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Whether an individual is a manufacturer or a consumer, the supply and demand equilibrium is relevant in daily market transactions. The law of supply and demand was popularized by Adam Smith in 1776.

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Ziegler, Hans 1983. Chemical reactions and the principle of maximal rate of entropy production. ZAMP Zeitschrift f r angewandte Mathematik und Physik, Vol. 34, Issue. 6, p. 832.

The Hardy-Weinberg equilibrium is a principle stating that the genetic variation in a population will remain constant from one generation to the next in the absence of disturbing factors.

The concept of punctuated equilibrium was, to some, a radical new idea when it was first proposed by Stephen Jay Gould and Niles Eldredge in 1972. Now it is widely recognized as a useful model for ...

If the genotype frequencies in a population deviate from Hardy-Weinberg expectations, it takes only one generation of random mating to bring them into the equilibrium proportions, provided that ...

When a change is made to a system at equilibrium, the position of equilibrium moves to counteract the change that was made. For example, if the temperature is increased, the position of ...

I believe the atypically high price realizations are the result of a broken market equilibrium, so let us begin by examining how it would work as a well-oiled machine and then discuss some of the ...

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Once equilibrium has been established, chemists can control certain reaction conditions to influence the position of the equilibrium. Altering the reaction conditions can result in the yield of ...

Keynes rejected the idea that the economy would return to a natural state of equilibrium. Instead, he argued that, once an economic downturn sets in, for whatever reason, the fear and gloom that ...