A factor that affects willingness to spend is general economic conditions.

Question

Quizplus · Accepted Answer

General economic conditions such as inflation, employment rates, and GDP growth can have a significant impact on consumer confidence and their willingness to spend money. During a recession or economic downturn, consumers may be more hesitant to spend money, while in a strong economy, consumers may feel more optimistic and be more willing to make purchases.

A Factor That Affects Willingness to Spend Is General Economic