The constraint or budget line, in the diagram below, represents the possible levels of consumption in the two periods given the individual's level of present income, future expected income and the prevailing interest rate 'r'.
Wasp, common name applied to most species of hymenopteran insects, except bees and ants. Insects known as wasps include the sawflies, the parasitic wasps, and the stinging wasps, which are the best known. About 75,000 species of wasps are known, most of them parasitic. Characteristics.
The term âwaspâ means different things to different people. There are several thousand species of Vespidae (vespid) wasps, a group which contains all of the social wasps (about 800 species), and many more solitary wasps which do not form colonies.