Share This Article:

Economic Definition of lifestyles. Defined.

Offline Version: PDF

Term lifestyles Definition: The opinions, activities, and interests that an individual expresses through his or her pattern of living. People tend to spend their time in certain ways and with certain types of people. These tendencies of interactions with others and utilization of time strongly affect many components of consumer behavior and subsequent decisions to purchase or not. Lifestyle patterns influence product needs, brand preferences, where people shop, and types of media that are effective to reach consumers.

 

« liberal | limit pricing »

Permalink: http://glossary.econguru.com/economic-term/lifestyles

Alphabetical Reference to Over 2,000 Economic Terms