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Acronyms that contain the term budget constraint
What does budget constraint mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: budget constraint.
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| Term | Definition | Rating |
|---|---|---|
| BC | Budget Constraint |
What does budget constraint mean?
- Budget constraint
- In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income. Consumer theory uses the concepts of a budget constraint and a preference map to analyze consumer choices. Both concepts have a ready graphical representation in the two-good case.
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"budget constraint." Abbreviations.com. STANDS4 LLC, 2024. Web. 7 May 2024. <https://www.abbreviations.com/budget%20constraint>.
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