The equilibrium constant (Kc) is a measure of the ratio of the concentrations of products to reactants at equilibrium, with each concentration raised to the power equal to its stoichiometric coefficient in the balanced chemical equation.
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Le Chatelier's Principle: This principle states that if a change is applied to a system at equilibrium, the system will adjust itself in such a way as to counteract that change and restore equilibrium.
This is similar to Kc but it measures the relative amounts of products and reactants present during any point in a reaction when it hasn't reached equilibrium yet.