1. Education
You can opt-out at any time. Please refer to our privacy policy for contact information.

Definition of Indifference Curve


Definition: An indifference curve is represented for example on a graph whose horizontal and vertical axes are quantities of goods an individual might consume, an indifference curve represents a contour along which utility for that individual is constant. The indifference curve represents a set of possible consumption bundles between which the individual is indifferent. Normally, with desirable goods on both axes (say, income today and income tomorrow) the curve has a certain shape, further from the origin when both quantities are positive than when one is zero. (Econterms)

Terms related to Indifference Curve:

About.Com Resources on Indifference Curve:

Writing a Term Paper? Here are a few starting points for research on Indifference Curve:

Books on Indifference Curve:

Journal Articles on Indifference Curve:

©2014 About.com. All rights reserved.