What are the factors that will lead the household to spend his/her money?
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Explanation:
Top 9 Factors Affecting Household Consumption and Saving
Factor # 1. The Level of Income and its Distribution:
Factor # 2. Consumer's Expectations:
Factor # 3. The Rate of Interest:
Factor # 4. Tastes and Preferences:
Factor # 5. The Terms of Consumer Credit:
Factor # 6. The Stock of Wealth:
Factor # 7. Existing Stock of Durable Goods:
Factor # 8. Taxes:
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