http://www.investorschronicle.co.uk/Features/Bonds/article/20091012/4948fdbe-befe-11de-8a16-00144f2af8e8/Factors-affecting-income.jsp
The income factor affecting income elasticity of demand is weather or not goods are necessities of luxury.
position and type of job you have
technology level of income
position and type of job you have
They are factors affecting demand other than
Disposable Income. income Economy uncertainty in economy inflation Climate
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.
Disposable income
depends on five factors: the real interest rate, the household’s disposable income, the household’s expected future income, wealth, and default risk. A household increases its saving if the real interest rate increases, its disposable income increases, its expected future income decreases, its wealth decreases, or if default risk decreases.
the amount you made plus the dependents claimed, amount of interest, charitable donations, medical, business expenses.
income gap
price is the main factor which affect demand and supply and other factors which affect demand and supply are change in income weather change living standard of people alternative things superior to inferior