Traditional Culture Encyclopedia - Traditional festivals - What are the factors that affect consumption?
What are the factors that affect consumption?
1, production determines consumption, and the fundamental factor affecting consumption is the level of national economic development.
2. The main factors affecting consumption are residents' income and price level. Income is the basis and premise of consumption. People's current disposable income affects people's consumption level. To improve the living standards of residents, we must maintain stable economic growth and increase residents' income. The consumption level of residents depends not only on current income, but also on future income expectations.
3. Performance, quality, appearance, packaging, advertising, etc. The price of goods is also a factor that affects consumption.
4. People's consumption behavior is also influenced by consumption psychology.
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