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Consumer Theory

Author

Listed:
  • Ilie BABAITA

    (West University of Timisoara, Romania)

Abstract

The behaviour of the economic agent – customer is a rational type of behaviour in order to maximize the satisfaction achieved through the use of commodities. In order to determine a rational behaviour, we start from the premise that every costumer has complete and accurate information on: the structure of commodities existing on the market and their ability to comply with certain wishes, market prices levels and the size of income that shall be spent in a given period in order to purchase various commodities. In order to fulfil its needs, the rational costumer has to chose from a basket of commodities the ones that: provide the greatest satisfaction under the circumstances of income and price restrictions.

Suggested Citation

  • Ilie BABAITA, 2010. "Consumer Theory," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 91-102, June.
  • Handle: RePEc:cbu:jrnlec:y:2010:v:2:p:91-102
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