Reference Entry

community indifference curve

Nigar Hashimzade, Gareth Myles and John Black

in A Dictionary of Economics

Fifth edition

Published in print January 2017 | ISBN: 9780198759430
Published online January 2017 | e-ISBN: 9780191819940
community indifference curve

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In international trade theory, a member of the family of indifference curves representing the tastes of a country, and sometimes the country’s well-being. The use of community indifference curves is legitimate as long as the community preferences are well-defined, which requires certain assumptions on the preferences and incomes of the individual consumers....

Reference Entry.  55 words. 

Subjects: Economics

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