Homeostasis refers to stability, balance, or equilibrium within a cell or the body. ... Homeostasis can be thought of as a dynamic equilibrium rather than a constant, unchanging state. Feedback Regulation Loops. The endocrine system plays an important role in homeostasis because hormones regulate the activity of body cells
Homeostasis has found useful applications in the social sciences. It refers to how a person under conflicting stresses and motivations can maintain a stable psychological condition. A society homeostatically maintains its stability despite competing political, economic and cultural factors. A good example is the law of supply and demand, whereby the interaction of supply and demand keeps market prices reasonably stable.