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4 U- r1 w2 D) SAn estimation of the revenue and expenses over a specified# g2 {& Z5 N+ |4 s$ k9 h( T
future period of time. A budget can be made for a person, family,
3 I5 [1 r& S6 X8 v% sgroup of people, business, government, country, multinational/ R( {$ {; l2 B" j$ u# i
organization or just about anything else that makes and spends
3 g+ P; ~" P" Mmoney. A budget is a microeconomic concept that shows the& r4 Q! a. C2 b6 ^- g0 G, ^1 a. I
tradeoff made when one good is exchanged for another. |