Preference (economics)
id:
preference-economics-318-12109816
title:
Preference (economics)
text:
In economics, and in other social sciences, preference refers to an order by which an agent, while in search of an "optimal choice", ranks alternatives based on their respective utility. Preferences are evaluations that concern matters of value, in relation to practical reasoning. Individual preferences are determined by taste, need, ..., as opposed to price, availability or personal income. Classical economics assumes that people act in their best (rational) interest. In this context, rationali
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in economics
original url:
https://en.wikipedia.org/wiki/Preference_(economics)
date created:
date modified:
2024-04-02T05:17:59Z
main entity:
{"identifier":"Q1416170","url":"https://www.wikidata.org/entity/Q1416170"}
image:
fields total:
13
integrity:
14