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Definition of Budget constraint
1. Noun. (economics) The condition that constrains expenditure to income (for a person) or the value of exports to imports (for a state) ¹
¹ Source: wiktionary.com
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1. Noun. (economics) The condition that constrains expenditure to income (for a person) or the value of exports to imports (for a state) ¹
¹ Source: wiktionary.com