 General disequilibrium

General disequilibrium refers to a situation in an economic model where supply and demand across multiple markets are not in balance simultaneously. This is in contrast to general equilibrium, where all markets clear (i.e., supply equals demand) at the same time, leading to a stable state for the entire economy. In a state of general disequilibrium, certain markets might experience excess supply (surpluses) while others may face excess demand (shortages).