The goal of the consumer in a market economy is to use his or her limited income to buy

Question

Quizplus · Accepted Answer

The goal of the consumer in a market economy is to maximize their satisfaction or total utility with the limited income they have. This means that they aim to purchase the set of goods and services that provides the most satisfaction or utility per unit of money spent. This does not necessarily mean buying the greatest number of goods and services possible, or the goods and services that maximize profits for businesses, or those with the lowest prices.

The Goal of the Consumer in a Market Economy Is