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In economics, market equilibrium is reached when supply equals demand. In biology, homeostasis is the state of equilibrium within a living organism. This definition helps clarify what is equilibrium by highlighting its central theme of balance and the cancellation of competing effects across different systems. EQUILIBRIUM meaning : 1. a state of balance: 2. a calm mental state: 3. the state in which the reactants (= substances…. Learn more. Equilibrium is a state of balance or calm in various contexts, such as physics, biology, chemistry, and economics. Learn more about the meaning , usage, and synonyms of equilibrium with Cambridge Dictionary. What is the meaning of Equilibrium ? An equilibrium represents a state in a process when the observable properties such as colour, temperature, pressure, concentration etc do not show any change. The word equilibrium means ‘balance’ which indicates that a chemical reaction represents a balance between the reactants and products taking part in the reaction. The equilibrium state is also noticed in certain physical processes such as the melting point of ice at 0℃, both ice and water are ...