The Meaning of Consumption Activities in Daily Life
The theory of consumption is one of the fundamental disciplines of microeconomics. It explores the economic decisions, especially in the area of consumption by private economic agents. The behavior of the consumer (buyer) in the market economy is based on the theory of demand (consumer behavior theory), which is based on how and how our needs are converted into a certain amount of demand; how from a variety of benefits we choose what suits us. Consumer behavior is the process of formation of the market demand of buyers offering a choice of benefits taking into account the existing price. ...