Examlex
Jazz improvisation can be considered a form of indeterminate music.
Emergent Equilibria
The spontaneous attainment of stability within a complex system where individual components interact and adjust to changing conditions without central control.
Invisible Hand
A term coined by Adam Smith to describe the unintended social benefits resulting from individual actions.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the point where the supply and demand curves intersect, representing market balance.
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