Consumers choosing for immediate or delayed consumption have different preferences...

Answers



Consumers choosing for immediate or delayed consumption have different preferences because each type of consumption involves making a choice that serves a different purpose and offers varying benefits. Immediate consumption usually involves choices made to satisfy a current need. For example, people may opt for immediate consumption when a quick snack or an essential household item is needed. On the other hand, delayed consumption often refers to choices made to secure benefits in the future, such as investing in stocks or taking out a loan. These decisions require more research and analysis, as the outcomes of these choices will not be seen until further down the line.

Answered by David Hicks

We have mentors from

Contact support