ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is NOT a factor influencing decision whether to spend or to save?
A
Income
B
Weather forecast
C
Personality
D
Age
Explanation: 

Detailed explanation-1: -These are temperature, atmospheric pressure, cloud formation, wind, humidity and rain. A small change to any of these conditions can create a different weather pattern.

Detailed explanation-2: -The five main factors affecting Weather are temperature, air pressure, humidity, cloudiness, and wind.

Detailed explanation-3: -Although many factors combine to influence weather, the four main ones are solar radiation, the amount of which changes with Earth’s tilt, orbital distance from the sun and latitude, temperature, air pressure and the abundance of water.

Detailed explanation-4: -Lack of expertise. Research and specialized know-how of the supplier better than the buyer. Cost considerations (cheaper to buy the item) Insufficient or no manufacturing capacity at the buyer’s end. More items

There is 1 question to complete.