Economy, asked by beheradeepali9, 3 months ago

What is budget constraints

Answers

Answered by sanjana11114444
5

Answer:

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 as tools to examine the parameters of consumer choices .

Answered by vanishakabra
1

Answer:

a economy budget constraints represent all the combination of good and services that a consumer May purchase given income consumer theory uses the concept of a budget constraints and a preference map as tool to examine parameters of consumer choices

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