answersLogoWhite

0


Best Answer

Objective determinants of consumption include factors such as income, prices, and interest rates that impact how much individuals can afford to spend. Subjective determinants of consumption involve personal preferences, tastes, and attitudes towards saving and spending that influence consumer behavior. Both types of determinants interact to shape overall consumption levels in an economy.

User Avatar

AnswerBot

6mo ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the objective and subjective determinants of consumption?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Sociology

Difference between objective and subjective elements in sociology?

Objective elements in sociology refer to aspects of society that can be observed and measured objectively, such as social structures, institutions, and demographic data. On the other hand, subjective elements refer to individual beliefs, values, attitudes, and perceptions that may not be directly observable or measurable. Understanding both objective and subjective elements is important in sociology to gain a comprehensive understanding of society and human behavior.


Is ethnicity subjective?

Ethnicity is a complex concept that is influenced by both objective factors such as cultural heritage and subjective factors such as self-identification. While objective factors like ancestry or nationality can play a role in determining someone's ethnicity, individuals may also have their own subjective understanding of their ethnicity based on personal experiences and cultural affiliations. Ultimately, ethnicity is a multifaceted construct that can be interpreted subjectively by individuals.


Is how people interpret their situation in life and how they view what they are doing and how they perceive what is happening to them referred to as their objective meaning of life?

No, the interpretation of one's situation and their perspective on life is typically referred to as their subjective meaning of life, as it is based on personal thoughts and feelings. Objective meaning of life generally refers to a broader, universally-applicable purpose or significance that may exist, regardless of individual perspectives.


What are social determinants?

Social determinants are factors in a person's life that affect their health and well-being, such as economic status, education, housing, and social support networks. These determinants influence access to resources and opportunities, which can impact an individual's overall health outcomes and quality of life. Addressing social determinants is crucial in promoting health equity and reducing disparities in health outcomes.


What is a objective phenomenon and does it go with the symbolic interactionist perspective?

An objective phenomenon is an aspect of reality that exists independently of individual perceptions or interpretations. It is often linked to the symbolic interactionist perspective, as this approach emphasizes the subjective meanings that individuals attach to such phenomena and how these meanings shape social interactions and experiences.

Related questions

Find out about the objective and subjective determinants consumption?

subjective and objective determinants of consumption


Does objective and determinants mean same?

No.


What are the 2 pronouns that can subjective or objective?

The pronouns "you" and "it" can serve as both subjective and objective pronouns.


Is scoring in badminton subjective or objective?

Subjective


Is nausea subjective or objective data?

Objective


What are the four determinants of aggregate demand?

They are : desired spending, autonomous consumption,induced consumption and desired private consumption.


Is intent in torts objective or subjective?

It can be both objective or subjective. Should have known, vs. Did know


What is the difference between objective writing and subjective?

what is the difference between subjective and objective writing


What is opps objective?

The opposite of objective is subjective (biased).


Which of these pronouns is in the objective case mine me I or my?

The pronoun in the objective case is me, a personal pronoun.I = personal pronoun, subjective casemine = possessive pronoun, takes the place of a noun in the subjective or objective casemy = possessive adjective, describes a subjective or objective noun


Is him a singular or a plural?

The pronoun him is singular, third person objective for the subjective he.The plural forms are they, subjective, and them, objective.


What are the dimensions of conscience?

subjective conscience and objective conscience are the two dimensions of conscience subjective conscience and objective conscience are the two dimensions of conscience subjective conscience and objective conscience are the two dimensions of conscience