By Mita Chaturvedi, Deputy Editor The coronavirus pandemic has paved the way for 2020 to be a year like no other— from a multitude of countries going into complete lockdown to stock market trading halting in many places, the world has seen a number of unprecedented occurrences. However, none of these have been as bizarre [...]
Who doesn't want to reach a state of balance and equality?
Who doesn't want to satisfy all his wants?
Who doesn't want to gain maximum profits?
Such a state, Equilibrium, to reach it, who doesn't want?
Here's a poem about Equilibrium.
C. K. Pushyami, Junior Editor A disclaimer before I begin; I’m not an expert in biology, and in my analyses of the finer economics and mathematics underlying the process of evolution, I will not pretend to be one. Equilibrium, generally, is understood as a state of rest. In Microeconomics, any deviation from the equilibrium price [...]
‘Equilibrium’ comes from two words in Latin which are ‘aequus’ and ‘libra’ meaning equal and balance respectively. The concept of equilibrium is used extensively in the subjects like economics, physics, chemistry, etc. And invariably it means a state of balance in which opposing forces or tendencies neutralize each other. When we talk about equilibrium in [...]
Arthashastra 