Explain the distinction between the equations of buget line and budget

1.	Explain the distinction between the equations of buget line and budget constraint.
Answer» <html><body><p></p>Solution :Let the two goods <a href="https://interviewquestions.tuteehub.com/tag/consumed-2540963" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMED">CONSUMED</a> by the <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> be X and Y. Let `m` be <a href="https://interviewquestions.tuteehub.com/tag/income-25499" style="font-weight:bold;" target="_blank" title="Click to know more about INCOME">INCOME</a>. <br/> The equation of budget line is: `P_(X)X + P_(Y) Y = m`. <br/> It shows that the whole collection of the combinations of the two goods on the budget line costs the consumer exactly his income. <br/> The equation of budget constraint (or budget <a href="https://interviewquestions.tuteehub.com/tag/set-11758" style="font-weight:bold;" target="_blank" title="Click to know more about SET">SET</a>) is: `P_(X) X + P_(Y)Y le m`. <br/> It shows that the money spent on the two goods must be equal to or less than the income.</body></html>

Explain the distinction between the equations of buget line and budget constraint.