Behavioral Economic Method Predicts Consumer And Employee Behavior

By: Lok, Johnny Ch

Demand systems and micro-economic factor influence basic income people consumption attitudeWhy stable basic income people will like to consume? Because who have more demand, a demand system shows the level of consumer demand for different products and services: e.g. one basic stable income person may refer to the demand for clothes, another the demand for food etc. How the demand for that particular product varies with the prices and demographic factor will influence who to accept consumption. Such as stable basic income people who will not consider to decide to buy the cloth to wear or the food to eat if who feel the cloth or food price is even more expensive to compare other kind of cloth or food. Otherwise, non-stable basic income people who will consider to decide to buy the cloth to wear or the food to eat if they feel that they still have enough cloths to wear or enough food to eat at homes, even these food or cloth price are less expensive to compare others. Because they feel they lack stable income effort to support them to consume. Hence, basic stable income factor can influence the consumer's consumption decision.

• Format: Paperback
• Language: English
• ISBN: 1695122038
• ISBN13: 9781695122031
• Release Date: January 1
• Publisher: Independently Published
• Length: 392 Pages
• Weight: 2.37 lbs.
• Dimensions: 1.0" x 8.0" x 10.0"