9 most essential factors that determines the elasticity of demand are : 1. Nature of goods 2. Availability of substitutes 3. Alternative use 4. Possibility of postponing consumption 5. Proportion of income spent 6. Price-level 7. Force of habit 8. Durability of commodities and 9. Income level.
Tag Archives | factors
6 important factors that determines changes in Demand
Demand changes due to two factors. Firstly demand changes due to price and secondly demand changes on account of changes in other factors other than price.
9 most essential factors that regulates fertility
Fertility is the actual bearing of children. Some demographers prefer the word nativity in place of fertility. Fecundity is the capacity to have children.
Six essential factors that influences your health
Health is influenced by a number of factors which exist within the individual and the society. The important factors which determine health are: 1) heredity 2) environment 3) life-style 4) socio – economic conditions 5) health services 6) health related systems.
8 factors that influence the Growth and Development of an Organism
There are several factors which directly or indirectly influence the growth and development of an organism. There are as follows:
Three physical and three human factors for the localization of an industry in a particular area
The development of industries in an area depends upon the following factors: The industries which use heavy raw material and in a large quantity are generally located in the place of the centre of the raw material. For example, Jute Industries are located in West Bengal; Cotton Textile Industry is located in Mumbai and Ahmadabad.
What are the factors that affect our health?
There are several factors which directly or indirectly affect the health. Among these social, cultural, and environmental factors play dominant role for determining the individual and group health.
Factors affecting Caste System in Modern India
Under the impact of certain powerful factors Caste System in undergoing drastic changes in modern India. The factors affecting Caste System are as follows.
9 essential factors for installing cost accounting system
As in the case of every other form of activity, it should be considered whether it would be profitable to have a cost accounting system. The benefits from such a system must exceed the amount to be spent on it.
8 fundamental factors for selling any product
Success is any line of human activity is not ready-made. Certain amount of input is essential to have the output of higher degree of success. Very often, a question is asked as to what it takes for success in selling.