budget line(redirected from consumption possibility line)
An item in a budget. For example, the amount of money a company expects to spend in manager salaries may be listed as a budget line.
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consumption possibility linea line showing the alternative combinations of goods that can be purchased by a consumer with a given income facing given prices. See also CONSUMER EQUILIBRIUM, REVEALED PREFERENCE THEORY, PRICE EFFECT.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005