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How can time be incorporated into the theory of consumer

behavior? Explain the following comment: "Want to make millions of
dollars? Invent a product that saves Americans lots of time."
Explain an

1 Answer

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Answer:

Time is the most important thing and the importance of time is increasing in the New Era. Everyone is busy and every one is completing each other in the time span and all persons are trying to maximize the utility from the units of time.

Step-by-step explanation:

The time and consumption behaviour can be related. The most precious thing is time and the lost time cannot be regain. Time is the most important thing and effective utilisation of time leads to success. The proper division of time among various productive activities will make a person's success. If the invention occurred in time saving product, increase the demand for that product and it will also in revenue for those who developed this product.

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