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Social factors affecting business?

There are a number of social factors that affect business in any environment. Some of the common factors include age, education level, income and culture among others.


Do all countries that have high income have high growth rate?

No, not all high-income countries have high growth rates. While high-income nations often benefit from advanced infrastructure, technology, and education, their growth can be constrained by factors such as market saturation, demographic challenges, and economic maturity. Some high-income countries may experience slow growth due to these issues, while others may achieve robust growth through innovation and investment. Thus, income level and growth rate do not always correlate directly.


What factors affect resource demand?

There are a number of factors that affect resource demand. Some of them include amount of labor, income prices of the related aspects, availability of the resources and so much more.


What extent does national income measure social welfare?

National income does provide some measure of social welfare, but it is by no means a perfect measure. National income only captures economic activity, and does not take into account other important factors such as environmental quality, leisure time, or income distribution. In addition, national income does not always reflect changes in welfare that may occur over time, such as increases in life expectancy.


Factors influencing consumption function?

Factors determining consumption function Broadly speaking, there are two factors, which influence consumption function in the long run. They are 1. Subjective Factors.2. Objective factors. 1. Subjective factors:Subjective factors basically underlie and determine the form of the consumption; the subjective factors are internal or endogenous in nature. They mainly depend upon the personal decisions taken by the people. Keynes has listed eight main motives, which compel people to refrain from current spending. They are the motives of precaution, foresight, calculation, improvement, independence, enterprise, pride and avarice. In addition to these factors, he has also added a list of motives, which leads to consumption. "We could also draw up a corresponding list of motives to consumption such as enjoyment, short sightedness, generosity, miscalculation, ostentation and extravagance" Keynes. II. Objective factors Objective factors are those, which depends on merits and facts. In this case personal factors will not come into picture. The following are some of the important objective factors, which influence consumption. 1. Distribution of national income, 2. Fiscal Policy, 3. Money income, 4. Real income, 5. Price and wage level, 6.Changes in tastes and fashion, 7. Changes in expectations, 8. Windfall (Sudden) gains and losses, 9. The level of consumer Indebtedness, 10.Attitude towards thrift 11.Liquid assets, 12. Social and life insurances, 13. Rate of interest, 14. Business policies of corporations, 15 demonstration effect, 16. Changes in expectations, and 17 Installment buying, etc. The objective factors generally remain unchanged in the short period. Thus, propensity to consume in the short period is generally stable. It is because of this, Keynes places his reliance on investment for the purpose of increasing employment during depression.

Related Questions

What are some factors that determine your level of income?

education, parent's social class, gender, race, etc


What are some factors that can influence the decisions you make?

group influence. level of income culture and religous beliefs


Do I get my state income tax back?

Whether or not you get your state income tax back depends on various factors such as your income level, deductions, and credits. Some people may receive a refund if they overpaid their taxes, while others may owe additional taxes. It is important to file your state tax return accurately to determine if you are eligible for a refund.


Social factors affecting business?

There are a number of social factors that affect business in any environment. Some of the common factors include age, education level, income and culture among others.


What are two factors that determine an object's gravitational potential energy?

-- the object's mass -- its height above some reference level


What are the demographic factors came to customer loyalty questonaire?

Some common demographic factors included in customer loyalty questionnaires are age, gender, income level, education level, and geographic location. These factors help businesses understand the characteristics of their loyal customers and tailor their loyalty programs or strategies accordingly.


how much is it to have a motion put in to get a bail reduction?

Low income housing qualification doesn't depend on things like criminal status, it depends on your income level, and it is up to the landlord or manager to determine if they allow some one with sex offender status into the unit


What factors determine height?

Some factors that determine is diet & exercise. The more calcium you eat, the better chance you have of being tall.


How can I find out more information about housing loans?

You can go to your local home loan company any or any bank and they can do some calculations to determine in you are elgible for a home loan at your present income level.


What are the income requirements for obtaining a credit card?

The income requirements for obtaining a credit card vary depending on the issuer, but generally, you need to have a steady income that allows you to repay the credit card debt. Some issuers may require a minimum income level, while others may consider factors like credit history and debt-to-income ratio.


Can a spouse be required to co-sign under the Equal Credit Opportunity Act?

It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.


What are three factors that determine how much rain a place will get?

Some factors are wind, the shape of the land, and its geographic location.