Community indifference curve

By:
Updated: Aug 20, 2021

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: Oxford Press Dictonary of Economics, 5th edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.