We consume for various reasons. sometimes we buy in order to reduce suffering (medicine), or to give pleasure (movies), or to feel safer (a lock), to become wiser (education), or to be more comfortable (a chair). what is the one word used by economists that includes all these meanings?
a cost
b price
c demand
d benefit

D benefit

Explanation:

Economists explain the demand for goods and services of different kinds through the marginal benefit that each consumption gives the consumer. Thus, you buy a book because it gives you an educational benefit, just as buying a medicine brings a benefit to your well-being. In other words, consumers buy goods and services because it gives them individual benefits.

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