preferences


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Preference

The practice of executing trades and other transactions by means other than the open market. For example, if one needs roofing repairs on one's house, one may select one's brother's roofing business even if it is more expensive. In securities, preference often occurs in over-the-counter trades, especially within a brokerage. Preference can, but does not always, lead to economic inefficiency.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

preferences

the CHOICES made by consumers as to which products to consume. The strength of consumer preferences will determine which products they buy with their limited disposable income and thus the DEMAND for products. As well as choosing which products to buy, consumers will also express preferences as to which particular BRAND of a product to purchase. See CONSUMER EQUILIBRIUM, PRICE SYSTEM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
St Joseph's Catholic Primary School, in Huyton, saw 57 first preferences for 29 places offered - two per place - with 49% of parents who put it as a first choice being offered a place.
Overall, the primary school was put down as a first preference by parents 108 times, with no second or third preferences being successful.
This is a two way process in which both students and educators need to know learning preferences. Among three styles of learners, all are beneficial but one or more are superseding others.
Overall, the primary school was put down as a primary preference 446 times, with eight second preferences and one third preference being successful.
There is a marked age gap in preferences for a child's sex, with Americans aged 18 to 29 significantly more likely than those who are older to want a boy rather than a girl.
B.Chir., from Kings College London, and colleagues conducted a systematic literature review to identify articles that used qualitative or quantitative methods to investigate influences on care preference among older adults with advanced illness.
The school had 2.2 first preference applications, 196 in total, for each of its 90 places.
Handsworth Grammar School was the hardest Birmingham secondary school to get into, with just 16 per cent of those who put it as a first preference getting a place.
Gender preference was found among 123 (61.5%) study subjects while 77 (38.5%) had no preference.
Overall there were 2.9 preferences for each place for children starting this September.
"The large overall difference between men's and women's mate preferences tells us that the sexes must have experienced dramatically different challenges in the mating domain throughout human evolution," explains lead author and graduate researcher Daniel Conroy-Beam.