Indifference curve explains the consumer's behaviour related with the combination of two goods and this consumer's behaviour is explained with the help of "Indifference schedule or Indifference set. various combinations of two goods giving equal satisfactions to the consumer become the component of 'Indifference schedule', When indifference schedule is represented on a graph paper, we get indifference curve.
In the words of watson 'An indifference schedule is the lists of combination of two commodities, the list being so arrange that a consumer is indifferent to the combinations preferring more of any other'.
