Economic Factors Influencing Consumer Choice – Q/A (Question and Answer)
Question
Economic Factors Influencing Consumer Choice – Q/A (Question and Answer)
Test Answer
Answer:
– Economic Factors
Disposable income is the money left after taxes have been paid
Discretionary income is anything left of disposable income after spending on necessities such as good, clothing and shelter.
The ability to borrow is influenced by general interest rates
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