budgetary control (redirected fromBudget Control) Also found in:Financial,Encyclopedia. budgetary control n (Economics) a system of managing a business by applying a financial value to each forecast activity. Actual performance is subsequently compared with the estimates ...
Explore the definition, learn about their use and impact in economics, and review how they work. Related to this QuestionHow does a budget constraint explain consumer choices when used in conjunction with indifference curves? What is the budget...
What is the economic interpretation of the intertemporal budget constraint in the equation? Does this interpretation apply to the primary budget deficit or the total deficit? Why? Explain macroeconomics in simple terms. Define ''economic model'' and explain its importance in economics. Def...
p B = $2, and Y = $50, then the budget constraint, L 1, is: B, Bur r itos per semester Opportunity set 50 = Y / p Z L 1 25 = Y/p B Z, Pizzas per semester a b c d Amount of Burritos consumed if all income
a“Rational behavior, in economics, means that individuals maximizes his utility function(效益,功能) under the constraints they face (e.g., their budget constraint, limited choices, ...) in pursuit of their self-interest “合理行为,在经济方面,意味着他们面对的个体最大化他的效用函数(效益,功能)...
Are Budget Rigidities a Source of Fiscal Distress and a Constraint for Fiscal Consolidation ?Public Sector EconomicsPublic Finance Decentralization and Poverty ReductionMacro-Fiscal PolicyEconomic Adjustment and LendingJudicial System ReformInflationPublic Financial Management...
Thus, an external position is sustainable if, under the assumption that policies do not change, the country does not violate its intertemporal solvency constraint. Using this definition, a sustainable current account is one that changes in an orderly fashion through market forces without causing ...
We call this the enforceability constraint for the 5 mechanism.2 The mechanism (f , τ) has a balanced budget if the sum of the transfers ∑equals zero for every possible vector of reports, that is i τi (θ) = 0 for all profiles θ. We will sometimes suppose that each player has ...
What is the "government budget constraint"? In other words, what are the sources of financing government spending? What are revenue, deficit, and debt, and how does it play a role in the U.S. government? Define a budget deficit in an economy/country and the result of having that deficit...
Before turning to the economics definition of "budget line," consider another concept: the line-item budget. This is effectively a map of future expenditures, with all the constituent expenditures individually noted and quantified. There's nothing very complicated about this; in this usage, a budg...