• Manish Gupta,

The basic objective of Research is to critically analyse the established facts or theories and propound new one that serve the mankind in this dynamic world . This article is an attempt in the direction of propounding a new structure of Budget line which fits into the practical life. . The presently accepted concept of budget line is based upon an assumption that the Budget line shows all possible combination of two goods that consumer can buy if he spends the whole of his given sum of money on his purchase at the given prices. Thus it is a concept based upon an assumption. But our practical life is not based upon assumption, and according to me the budget line does not satisfy the real practical life situation if a consumer. As in our practical life we have to buy hundreds of goods with our given income, the prices of which are also dynamic and at times we also purchase goods on which are beyond our income or budget. This article critically analyses the concept of Budget line and propounds a new Budget Line that would be more relevant in our practical dynamic life.

Budget line, relevance, propound, dynamic, critically, concept, practical theories.

"CHALLENGING THE RELEVANCE OF BUDGET LINE IN PRATICAL LIFE AND RE-DRAWING IT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.2007-2015, May-2019, Available :http://www.jetir.org/papers/JETIR1905T87.pdf

"CHALLENGING THE RELEVANCE OF BUDGET LINE IN PRATICAL LIFE AND RE-DRAWING IT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp2007-2015, May-2019, Available at : http://www.jetir.org/papers/JETIR1905T87.pdf