Non Economic Factors?


Non-economic factors include religion, ethnicity and social interactions. These factors do no have a direct effect on a country's economy. Some political activities are also considered non-economic factors.
Q&A Related to "Non Economic Factors"
The worshiping of religious figures by members of a community have no direct effect on the economy of the country. By taking part in religious activities, people merely exercise their
economic are natural resources witch are non renewable and renewable resources when u recyle u are reusing paper and it takes trees a long time to grow back when u get paper and vut
Economic factors are things that effect financial situations. Examples include interest rates, employment/unemployment rates, or prices of goods.
Economic: inflation, GDP growth rate, unemployment, tax level, sector bubbles, interest rate, anything that has to do with the macroeconomy or sectors directly. Noneconomic: wars,
1 Additional Answer Answer for: non economic factors
What Are Non Economic Factors?
All factors in a country have particular economic impacts.The non-economic factors present in a society are the elements which have no direct effect upon the economy of the country. Such factors are a variety of social features --- religion, ethnicity... More »
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A non-economic good is one that does not have the three economic characteristics that include scarcity, providing utility and being transferable. They are human ...
A non-economic good is something that is not scarce, something that is transferable (that is, bought and sold or traded), and something that provides some utility ...
There are several factors that affect demand. They are mostly consumer-based factors. These include the consumer's income in relation to the price of the product ...
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