Definitions for "Punctuated equilibrium"
The theory that evolution produces groups of species that are stable for long periods of time, but development of new species occurs rapidly when there is a significant change in the environment.
The hypothesis that evolution takes place in fits and starts; evolution occurs very slowly for quite a while and then, during a relatively short period, takes place very rapidly.
the view that long periods of equilibrium, when an industry's structure is stable, are punctuated by periods of rapid change, when structure is revolutionized by innovation. p. 98