Consumer buying power is determined by wealth, income, and access to credit.

Question

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Consumer buying power is influenced by wealth (the total assets owned), income (money received, especially on a regular basis, for work or through investments), and access to credit (the ability to borrow money or access goods or services with the understanding that payment will be made in the future). These factors determine how much a consumer can afford to spend.

Consumer Buying Power Is Determined by Wealth, Income, and Access