A market is mature when it has reached a state of
equilibrium. A market is considered to be in a state of equilibrium when there is an absence of significant
growth
Growth may refer to:
Biology
* Auxology, the study of all aspects of human physical growth
* Bacterial growth
* Cell growth
* Growth hormone, a peptide hormone that stimulates growth
* Human development (biology)
* Plant growth
* Secondary growth ...
or a lack of
innovation
Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entit ...
. When supply matches demand the price decided by those market forces is called
equilibrium price". Equilibrium price prevails in the market for a substantial period, which may be from one day to one week or several months.
See also
*
Mature technology
A mature technology is a technology that has been in use for long enough that most of its initial faults and inherent problems have been removed or reduced by further development. In some contexts, it may also refer to technology that has not se ...
References
Market (economics)
{{econ-stub