El precio de equilibrio
Example: El precio de equilibrio determina el punto donde oferta y demanda se igualan.
Definition
"El precio de equilibrio" refers to the price at which the quantity of goods supplied equals the quantity demanded, resulting in a stable market condition where there is neither surplus nor shortage.
Etymology
The term "el precio de equilibrio" combines Spanish words where "precio" means price, derived from Latin 'pretium,' and "equilibrio" means balance, from Latin 'aequilibrium.' It literally describes the balanced price point in economic markets.
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"El precio de equilibrio" appears in the Vocaplus list "Spanish - General - (C2) - set 2", containing 91 commonly used words.
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the equilibrium price