Dynamic systems refer to a set of interconnected elements that change over time, where the behavior of one element affects the behavior of others in the system.
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Equilibrium: In dynamic systems, equilibrium refers to a state where all elements are balanced and there is no net change happening.
Feedback Loop: A feedback loop is when information or output from one part of a dynamic system is fed back into another part, influencing its behavior.
Chaos Theory: Chaos theory studies how small changes in initial conditions within a dynamic system can lead to large-scale unpredictable outcomes.