INDIFFERENCE CURVE Definition

Bookmark and Share

INDIFFERENCE CURVE, in microeconomics, an indifference curve is a graph showing combinations of two goods to which an economic agent (such as a consumer or firm) is indifferent, that is, it has no preference for one combination over the other.

Learn new Accounting Terms

BUDGET CONTROL is actions carried out according to a budget plan. Through the use of a budget as a standard, an organization ensures that managers are implementing its plans and objectives. Their actual performance is measured against budgeted performance.

TEST, in statistics, is taking a ample from a population to estimate characteristics of the population.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.