Question

A person chooses an inexpensive bag of chips over a more expensive fresh fruit salad. The person is influenced by:

Answer 1

Answer:

economic factors.

Explanation:

Economic factors -

It refers to the factor , which can affect the economy , is referred to as the economic factor.

These factors are as follows -

activities of government ,

• Wages ,

• Policies ,

• Law ,

• Tax rates ,

• Interest rates .

Hence, from the scenario of the question,

Selecting an inexpensive bag over the expensive one , shows that the person is under the influence of economic factor , as it would save some amount of his money.  

Economic Factors are the factors that affect the economy and includes interest rates, tax rates, law, policies, wages, and governmental activities. These factors are not in direct relation with business but it influences the investment value in the future.