The Wikipedia defines equilibrium as the condition of a system in which competing influences are balanced. This particular word is used extensively in the realms of physics as well as biology, chemistry and economics etc. In whatever context it is used, it almost always refers to balance. This phenomenon helps us in carrying out our daily routines in one way or other. However, we tend to overlook these situations and continue with our daily lives. Today, I am going to enumerate as well as briefly explain some of the examples from our daily lives which describe the concept of equilibrium.