Habit

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Habit

A normal custom of an individual or group. Habits greatly influence economic behavior at both the micro- and macro- levels. For example, one may develop the habit of only shopping at certain stores, whether or not they have the best products or prices. Likewise, the majority of farmers in a country may only grow certain crops, whether or not those are the best for the land or the market. Habits may be positive or negative, and are often both, depending on one's perspective.
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References in periodicals archive ?
W Roper, Watford In response to your reply to the letter from the man concerned about his wife's smoking, I can't believe a woman with your intelligence Coleen hasn't kicked the habit (July 30).
Of the non-smokers in Sandwell, 20.4 per cent had kicked the habit and 62.8 per cent had never lit up.
A substantial number of Americans too believe that Obama has still not kicked the habit, with 37 percent saying in a recent poll that they feel he still sneaks cigarettes into the White House.

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