Determination of price and quantity is the main difference.
Partial equilibrium deals with only one market while general equilibrium deals with the market in the economy and how they relate.
Montari6 answered the question on January 6, 2019 at 18:06
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When is an economy said to have attained Pareto Optimality?
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When is an economy said to have attained Pareto Optimality?
Date posted:
December 15, 2018
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What is meant by externalities in general equilibrium?
Date posted:
December 15, 2018
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Describe the use of Edgeworth box in welfare economy.
Date posted:
December 15, 2018
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What is marginal rate of substitution?
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December 13, 2018
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What is a monopoly?
Date posted:
December 11, 2018
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Outline the contributions of Keynes to income output and employment.
Date posted:
December 9, 2018
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(Solved)
Discuss the free market economy and state the advantages and disadvantages of the economic system
Date posted:
December 8, 2018
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(Solved)
Discuss the traditional economy and state the advantages and disadvantages of the economic system
Date posted:
December 8, 2018
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(Solved)
List the 4 main types of Economic systems
Date posted:
December 8, 2018
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(Solved)
Name the functions of an Economic system
Date posted:
December 8, 2018
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(Solved)
Explain the characteristics of Economic system
Date posted:
December 8, 2018
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Name 5 characteristics of Economic system
(Solved)
Name 5 characteristics of Economic system
Date posted:
December 8, 2018
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(Solved)
Define the term economic system.
Date posted:
December 8, 2018
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(Solved)
Explain the two branches of Economics and give the difference between the two
Date posted:
December 8, 2018
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(Solved)
Importance of studying Economics
Date posted:
December 8, 2018
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(Solved)
Discuss the scope of Economics
Date posted:
December 8, 2018
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(Solved)
Define the term economics.
Date posted:
December 8, 2018
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Conditions to consider in selecting a project
Date posted:
November 24, 2018
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(Solved)
Importance of market planning
Date posted:
November 18, 2018
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(Solved)
Describe market planning process
Date posted:
November 18, 2018
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