Terminology - Business,Finance: Budget

Terminology - Business, Terminology - Finance.


An estimation of the revenue & expenses over a specified future period of time.

A budget can be made for a person,  family,  group of people,  business,  government, country, multinational organization or / just about anything else that makes &spends money.

A budget is a micro - economic concept that shows the trade-off made when one good is exchanged for another.

Src: Investopedia

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