Hey can someone help with this? (im decent at social sudies, but i have a mirgraine

The factors that can impact consumption in countries or in general are employment, wages, prices/inflation, interest rates, and consumer confidence. For example, employment can impact consumption because if more people have jobs, they earn more money, and therefore, have more spending power. This allows people to have more money to spend on goods, commodities, and products like food and drinks, which thereby impacts consumption by increasing it. On the other hand, inflation can impact consumption by causing it to decrease because when inflation happens, money loses value, so people's spending power and income decreases, causing them to be able to afford to buy less things like food, which  decreases- not increases- consumption. Furthermore, the way prices can impact consumption is The typical response to higher prices is that a person chooses to consume less of the product with the higher price. The substitution effect occurs when a price changes and consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price. So, consumption can increase or decrease depending on how high and low prices are. In addition, the way consumer confidence impacts consumption is when consumers feel more confident about the future of the economy, they tend to consume more. If business confidence is high, then firms tend to spend more on investment, believing that the future payoff from that investment will be substantial.

All in all, the factors that can impact consumption are employment, wages, prices/inflation, interest rates, and consumer confidence.

Explanation: Wow I spent so long on this. Hope this helps. Have a great day

sure

Explanation: