Question

In: Economics

List at least three demographic traits that apply to you. How does belonging to these demographic...

List at least three demographic traits that apply to you. How does belonging to these demographic groups influence your perceptions and priorities?

Solutions

Expert Solution

DEMOGRAPHICS

Economics is the study based on the economic activities in a country. And the demographics is concerned with the structure of population and it gives us the idea of the classifiable characteristics in a population. Demographics is the socio economic characteristics of the population existing in an economy.

The three demographic traits applied to me includes the: age, gender and employment.

Age: age is the most common demographic trait which is explained in every statistical data. And the influence of the age group belongs to me indicates the purchase behavior. When I select a product, I will prefer the product that suits to my age and mostly used by the other peers. The selection of the soft drinks is a best example for it.

Gender: There exists a gender disparity among all the activities through out the world. The selection of the brands and the selection of the product differs among the genders. And many of the brands are providing the products selectively to a gender. And in the case of me, also the gender has a specific rule.

Employment: The job is a very important factor that attributes our character and the standard of living in general terms and in my case also. I always try to maintain the quality and standard of the products that I purchase. For example in the case of car, the employees at the higher position always go for an expensive car other than the employees at lower level.


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