Why does economics assume the average customer is aware of the

>>2735381
Classical economics describes human behavior in an approximate, general way. It's like physics problems where there are frictionless surfaces in a vacuum.

>>2735381
>Why does economics assume everyone is motivated by profit maximization? If supply and demand is real how do you explain the phenomenon of "Veblen goods"?

Profit includes non-material and non-monetary gain. This includes status, which explains Veblen goods.

>>2735404

If it's non-material and non-monetary what kind of gain is it?

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46KB, 376x401px

>>2735381
>Why does economics assume the average customer is conscious and self-aware?
nice fedora faggot

>>2735425
>If it's non-material and non-monetary what kind of gain is it?

Personal value. Personal satisfaction. This is why economics factors in things like leisure time.

>>2735487

Can economics explain the phenomenon of masochism?

>>2735381
It's a theoretical study, not a practical prediction. Use it as a general guide not a guarantee.

Everything in economics has an asterisk, it's not a science.