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It Can Be Said That, Ultimately, Consumers Are the Driving

question 165

Essay

It can be said that, ultimately, consumers are the driving force in answering the three basic economic questions. Explain the consumer's role in providing these answers.


Definitions:

Individual Differences

Variabilities or disparities among individuals in behavior, emotion, and cognition which make each person unique from others.

Genetic Factors

Attributes or characteristics influenced by genes inherited from parents, affecting traits such as appearance, health, and behavior.

Motivation

The processes that energize, direct, and sustain behavior towards achieving a goal.

Direction

The course along which something or someone moves, proceeds, or is aimed.

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