Consumption is an essential economic activity that satisfies people's wants. Consumer behavior deals with reconciling consumption with budgets and is how consumers spend their income. Utility refers to the satisfaction received from consuming goods and services.
4. Consumption
Consumption is an essential economic activity. It
is the act of satisfying once wants.
Consumer Behavior and Utility
5. Consumer Behavior
Consumer Behavior
deals with reconciliation of
our consumption with our
budget. It is the way in which
consumers spend their
income.
Consumer Behavior and Utility