Systems

Definition

Systems refer to a collection of objects or components that are interconnected and interact with each other. They can be physical systems, such as a car engine, or abstract systems, like an economic model.

Related terms

Input: The input is what goes into the system and affects its behavior or output.

Output: The output is the result or response produced by the system based on its inputs and internal processes.

Equilibrium:

Equilibrium refers to a state where all forces within a system are balanced, resulting in no net change.