Nash Equilibrium.

The article offers information on the Nash equilibrium. A Nash equilibrium is a new solution concept for noncooperative game with n players and no zero-sum constraint called the equilibrium point. It is described as a collection of strategies by the n players such that no player can improve his outcome by changing his own strategy. The concept has already established an outstanding position in economic theory. Its contributions to the field of economics was recognized by the awarding of the Nobel Prize in 1994.