A person's buying power is a function of
A) disposable income.
B) past income, natural resources, and financial resources.
C) wages, rents, and investments.
D) income, wealth, and credit.
E) discretionary income.

Question

Quizplus · Accepted Answer

A person's buying power is determined by their income, wealth, and credit. Income is the money a person earns through wages, salaries, and investments, while wealth is the value of assets they own, such as property and investments. Credit refers to a person's ability to borrow money and pay it back in the future. These factors all contribute to a person's buying power, or their ability to purchase goods and services.

A Person's Buying Power Is a Function of