homothetic Definition
(of a function) preserving the shape but not necessarily the size of figures.
Using homothetic: Examples
Take a moment to familiarize yourself with how "homothetic" can be used in various situations through the following examples!
Example
The homothetic transformation preserves the shape of the figure.
Example
Homothetic preferences are a key concept in microeconomics.
Example
A homothetic production function is one in which all isoquants are homothetic to each other.
homothetic Synonyms and Antonyms
Synonyms for homothetic
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Summary: homothetic in Brief
'Homothetic' [hoh-muh-thet-ik] refers to a function that preserves the shape but not necessarily the size of figures. It is a term used in mathematics and economics, such as in the concept of homothetic preferences or homothetic production functions.
