Answer to Question #95234 in Macroeconomics for komal

Question

7. provide examples of demand-side factors that would not affect the level of output and employment.

Answer 1

Non-price demand factors:

Marketing non-price determinants of demand: consumer quality of goods and services - compliance of the received satisfaction with the expected; the fame of the brand under whose name the product or service is being sold; advertising and promotion of goods and brands; the availability of goods and services for purchase and consumption; the quantity of goods and services on the market;

Social factors: consumption habits and consumption experience; number of consumers; social traditions;

modern taste; style; culture level of civilization; upbringing

Economic factors: income of the head of the family; the total income of the remaining family members with earnings; programs of financial stimulation of demand (lending, leasing, installments).

Non-economic factors: actions of a market regulator; natural conditions that determine consumption (for example, climate, soil structure, types of roads, etc.); consumer expectations (rush demand, seasonal demand, inflation expectations, expectation of the influence of a market regulator, etc.).