Meaning budget set
What does budget set mean? Here you find 2 meanings of the word budget set. You can also add a definition of budget set yourself
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budget setDifferent bundles of goods and services that are attainable to the consumer at given market prices and the consumer's fixed level of income.
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budget setThe set of bundles of goods an agent can afford. This set is a function of the prices of goods and the agents endownment. Assuming the agent cannot have a negative quantity of any good, the budget set [..]
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