budget line

English - English

Definition of budget line in English English dictionary

A graph showing all the possible combinations of two goods that can be purchased at given prices and for a given budget

The limits to a household's consumption choices

a line showing the maximum combinations of two goods that is possible for a consumer to buy, given a budget constraint and the market prices of the two goods (chapter 5 appendix)

Hyphenation

Budg·et line

Turkish pronunciation

bʌcît layn

Pronunciation

/ˈbəʤət ˈlīn/ /ˈbʌʤɪt ˈlaɪn/