Glossaria.net

Glossary Microeconomics / Term

Transitive Preferences

A logical pattern of preferences where preference of one good over a second good and preference of the second good over a third good imply preference for the first good compared to the third good.

Permanent link Transitive Preferences - Creation date 2021-07-10


< Total Value (of Consumption) Glossary / Microeconomics Unattainable Output Combinations >