Answer to Question #248812 in Economics for Neha

Question

Mr. Ahuja decides to purchase a house for his family. His family consist of 4 people (namely his wife n he and his mother aged 65 and his 4 year old son). What are the various factors he will have to consider for his decision making process?

Answer 1

When making a decision, he must take into account the conditions that exist in the home for small children and for the elderly. It is also necessary to take into account the area in which the house is located, the availability of medical services, child care facilities, food and other retail outlets.