What Are Examples Of Social Forces? Social force can be understood with many examples such as the usage of the universal credit card to defer payment for products and services. This human-created invention became a “social force” that encouraged unprecedented numbers of people to spend money ahead of their earnings. What are societal forces? This
What Are The Political Social And Economic? Political economy is a social science that studies production, trade, and their relationship with the law and the government. … In simple terms, political economy refers to the advice given by economists to the government on either general economic policies or on certain specific proposals created by politicians.
What Are Social And Economic Factors? Economic Factors are the factors that affect the economy and include interest rates, tax rates, law, policies, wages, and governmental activities. These factors are not in direct relation with the business but it influences the investment value in the future. What are the examples of social economic factors? Occupational
Why Do Socio Economic Issues Affect Businesses? Socio-economic issues affect consumer spending due to poverty and unemployment. These issues place extra burdens and expenditure on businesses as they have to develop policies/support systems/ informative programs to address them. What impact does socio economic? SES affects overall human functioning, including our physical and mental health. Low