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; d. T% V* X7 B* C! V0 c5 n B. u7 L& oAn estimation of the revenue and expenses over a specified4 n- E/ @, Q$ r2 O2 m% O' e7 |
future period of time. A budget can be made for a person, family,- W, n' j% C$ G& T8 n2 Y2 r
group of people, business, government, country, multinational( [% i, V' p7 D2 }9 X- w0 [
organization or just about anything else that makes and spends
# s' S$ ?9 r- p3 `5 h) Pmoney. A budget is a microeconomic concept that shows the+ n7 U8 A; H, X7 Y3 c* _9 [
tradeoff made when one good is exchanged for another. |