Final answer:
The statement is true; people's desires, needs, and their consequent choices in lifestyle directly influence their purchase behavior. Economic factors, including income and the price of goods and services, also impact how individuals make purchasing decisions to maximize their utility.
Step-by-step explanation:
True, the desires and needs of an individual do influence his or her lifestyle, and this in turn affects his or her use and purchase behavior. People's choices are dictated by personal preferences and are also influenced by economic factors such as incomes, the costs of goods and services, and where they live. The economic theory of consumption suggests that people seek to maximize their utility with the income they have, choosing what they believe will make them the happiest.
During periods of economic change, such as the democratization of desire that prioritized pleasure and acquisition, people's purchases were increasingly made on credit, under the assumption of future income increases. These behavioral shifts highlight how lifestyles can dictate consumer credit usage and impulse buying, further demonstrating the connection between desires, needs, and purchasing patterns.