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Budget set

In economics, a budget set, or the opportunity set facing a consumer, is the set of all possible consumption bundles that the consumer can afford taking as given the prices of commodities available to the consumer and the consumer's income. Let the number of commodities available to the consumer in an economy be finite and equal to k {\displaystyle k} .…

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Explore the main themes, entities and connections around Budget set. Start with the topic map, then use the sections below for research and deeper semantic analysis.

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Overview

Advanced semantic analysis

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Map overview Semantic statistics

Budget set

Nodes12
Edges11
Triples1
Avg. degree1.83
Density0.166667
Components1

How this topic connects Entity context

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Budget set

Top relations

is a · 1
Budget set → subset of R

Important terminology Word statistics

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Important terminology

budget set displaystyle income consumer consumption mathbf also known mathbb described prices hyperplane bundles given commodities available case walrasian wealth

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Budget setis asubset of R0.90text

Related concept clusters Concept neighborhoods

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    Connections between topic areas Semantic bridges

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    Min side: 3
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