Outrageously Funny Word Dictionary :: Extraequilibrium

👉 Extraequilibrium is a concept in economics and political science that refers to situations where there are no economic incentives or constraints, such as when the government does not have any control over the market or there is no free market system. In this context, an "extraequilibrium" economy would be one where there is no price competition between producers and consumers due to lack of economic pressures on prices. In other words, an extraequilibrium economy is characterized by a situation where the government does not have any

extraequilibrium