What Are the Similarity and the Difference Between Static and Dynamic

question 47

Essay

What are the similarity and the difference between static and dynamic equilibrium?

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Definitions:

Assumptions

Premises or conditions accepted as true without proof, used as a foundation for reasoning or calculations.

NPV

Net Present Value, a financial metric used to evaluate the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows.

Market Size

An estimate of the total demand or volume of sales for a particular product or service within a given market or geographic area.

R&D Costs

Expenses associated with the research and development activities of a company, aiming at new product development or improvement of existing products and processes.