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What is Social and Economic Factors in Business about?

The document discusses social, demographic, and economic factors that affect businesses. It provides definitions and examples of each type of factor. Social factors include influences like family, community, socio-economic status, and religion that shape lifestyles and buying behaviors. Demographic factors are socioeconomic statistics like age, income level, family size, and more. Economic factors impacting businesses are related to supply and demand, income levels, inflation, interest rates, and other macr

Author

haritha hn

Language

EN