From Longman Business Dictionary
equilibriume·qui·lib·ri·um /ˌiːkwəˈlɪbriəm/ noun [uncountableU] ECONOMICS the idea that there is a situation in an economy where supply and demand are naturally in balance. For example, the supply and demand of goods would be in balance through price changes, or the supply and demand of employment would be in balance through changes in wages → general equilibrium → market equilibrium → partial equilibrium