consumption budget
1Consumption smoothing — is the economic concept used to express the desire of people for having a stable path of consumption. Since Milton Friedman s permanent income theory (1956) and Modigliani and Brumberg (1954) life cycle model, the idea that agents prefer a stable …
2Budget constraint — A Budget constraint represents the combinations of goods and services that a consumer can purchase given current prices and his income. Consumer theory uses the concepts of a budget constraint and a preference map to analyze consumer choices.… …
3Budget set — A budget set includes all possible consumption bundles that someone can afford given the prices of goods and the person s income level. The budget set is bounded above by the budget line …
4Consumption-possibility frontier — The CPF, or consumption possibility frontier, is the budget constraint where participants in international trade can consume. Under autarky this constraint is identical to the production possibility frontier.… …
5Consumption–possibility frontier — The CPF, or consumption–possibility frontier, is the budget constraint where participants in international trade can consume. Under autarky this constraint is identical to the production–possibility frontier.[1][2][3] …
6government budget — Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard… …
7Energy budget — An energy budget is a balance sheet of energy income against expenditure. It is studied in the field of Energetics which deals with the study of energy transfer and transformation from one form to another. Calorie is the basic unit of measurement …
8World energy resources and consumption — In order to directly compare world energy resources and consumption of energy, this article uses SI units and prefixes and measures energy rate (or power) in watts (W) and amounts of energy in joules (J). One watt is one joule per second. In 2005 …
9Earth's energy budget — [ thumb|right|250px|A schematic representation of the energy exchanges between the EarthEarth s atmosphere, and outer space. Note that the total energy entering each level is equal to the energy leaving that level as should be expected for a… …
10Balanced budget — From a Keynesian point of view, a balanced budget in the public sector is achieved when the government has enough fiscal discipline to be able to equate the revenues with expenditure over the business cycles. In other words, a government s budget …
