1. Home
  2. Education
  3. Economics

Definition of Budget Line

From Econterms, About.com Guest

Definition: A consumer's budget line characterizes on a graph the maximum amounts of goods that the consumer can afford. In a two good case, we can think of quantities of good X on the horizontal axis and quantities of good Y on the vertical axis. The term is often used when there are many goods, and without reference to any actual graph.

Terms related to The Budget Line:

About.Com Resources on The Budget Line: Writing a Term Paper? Here are a few starting points for research on The Budget Line:

Journal Articles on The Budget Line:

Explore Economics

About.com Special Features

A Smarter Future

Tips that will help finance your education, excel in the classroom, and advance your career. More >

How to Ace the GRE

Being well prepared is the first step; here are more essential suggestions. More >

  1. Home
  2. Education
  3. Economics
  4. Economics Glossary
  5. Terms Beginning with B
  6. Budget Line - Dictionary Definition of Budget Line

©2009 About.com, a part of The New York Times Company.

All rights reserved.