Sales & MarketingDefining Consumer Behaviour in Economics: A Guide
Consumer behaviour in economics is the study of how individuals allocate limited resources to make purchasing decisions that maximize satisfaction. It explains how demand is formed, how prices influence choices, and why a consumer selects one product, service, or brand over another in real market conditions. This article breaks down the core concepts, key theories, and practical applications of consumer behaviour in economics, including how it is used in business economics, managerial decision-making, and modern market strategy.













