The Art of the Sell Side
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Equilibrium= the state of stable conditions, which all significant factors remain more or less constant over a period and there is little or no inherent tendency for change.
Ex: a market is said to be in equilibrium if the amount of goods that buyers wish to buy at a current price is matched by the amount the sellers want to sell at that price, aka, steady state.
Poverty Line= standard family income threshold (set by each state and revised occasionally) below which the family is officially classified as poor and entitled to welfare assistance.
Ex: social service organizations such as Head Start Program give preference to low-income clients whose income falls at/below the poverty line.
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