- Budget set
A budget set includes all possible consumption bundles that someone can afford given the
price s of goods and the person'sincome level. The budget set is bounded above by thebudget line .
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Budget set
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budget — ► NOUN 1) an estimate of income and expenditure for a set period of time. 2) the amount of money needed or available for a purpose. 3) (Budget) a regular estimate of national revenue and expenditure put forward by a finance minister. ► VERB… … English terms dictionary
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