MANAGEMENT OF THE BENEFIT

  • Shaqir Elezaj
Keywords: Benefit, Benefit Management, Benefit Function, Benefits Benefit, Indifference Benefit Curb

Abstract

In the Victorian period, philosophers and economists argued with satisfaction "goodwill" as an indicator
of the general well-being of an individual. The benefit was portrayed as a numerical math of a person's happiness.
According to this idea, it was natural to assume that the choices made by consumers were such as to maximize the
profit of the try, which means to make itself as happy as possible. The problem was related to the fact that these
classical economists never really describe how they can profit. How could the "amount of benefit" be closely related
to the choices and different solutions? Is the benefit of a person the double the benefit of an additional carrot? Does
the concept make any sense of meaning apart from the meaning of maximizing people? Because of these conceptual
problems, economists have neglected the old point of view as a mate of happiness. Instead, the theory of consumer
behavior has been completely redesigned in relation to consumer preferences and the benefit is only seen as a way of
determining preferences. Gradually, economists began to admit that all the issues about the benefit of choosing a
choice had to do with whether a basket had a higher benefit than another, but the higher it was not so important.
Finally preferences were defined in terms of profit: to say that a basket was preferred to another basket, meant that
the basket had a higher benefit than the other basket. This means that we are so inclined to think in a different way
about these issues. Customer preferences are the basics useful to analyze the choice and usefulness is a way of
describing preferences.

References

Allen R.G.D. (2004) Mathematical Analysis for Economists, Macmillan Co.

Archibald, G.C., Lipsey, R.G. (2007) A Mathematical Treatment of Economics, Weidenbald and Nicolson

Baumol, W.J. (2009) Economic Theory and Operations Analysis, Prentice-Hall, Englewood Cliffs

Chiang, A. (2005) Fundamental Methods of Mathematical Economics, McGraw-Hill

Johnston, J. (2010) Econometric Methods, McGraw-Hill Book Co. New York

Malinvaud, E. (2011) Lectures on Microeconomic Theory, North Holland Publishing Co. Amsterdam

Malinvaud, E. (2012) Methodes statisques de l’econometrie, DUNOD, Paris

Published
2019-07-26
How to Cite
Elezaj, S. (2019). MANAGEMENT OF THE BENEFIT. Knowledge International Journal, 32(1), 95 - 99. Retrieved from https://ikm.mk/ojs/index.php/KIJ/article/view/1410