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

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Q: What are some factors that determine the level of your income?
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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.


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.


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.


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.


Can low level of living exist simultaneously with high levels of per capita income explain and give some example?

Yes, that describes Portsmouth, Ohio in the 1980's.

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


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 factors determine height?

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


What are some of the factors used to determine climate in an area?

FactorsTemperaturePrecipitationRainfallHumidityWetnessDrynessAridnessClimate


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


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.


A term that describes the number and variety of species that live in an area?

some factors that determine the number of species in an area. some factors that determine the number of species in an area.


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.


What divisibility rules could be used to determine some factors of 375?

claah!