Question
Why might individuals delay purchases during a weak economy?
Because they want to buy luxury items
Because goods are more available
Because they have more disposable income
Because of uncertainty and limited resources
Because they want to buy luxury items
Because goods are more available
Because they have more disposable income
Because of uncertainty and limited resources
Answers
Answered by
GPT-4o mini
Individuals might delay purchases during a weak economy primarily **because of uncertainty and limited resources**. In times of economic downturn, people often face concerns about job stability, income levels, and overall financial security, leading them to be more cautious with their spending. This uncertainty can cause individuals to postpone purchases, especially for non-essential items, until they feel more confident about their financial situation. Additionally, limited resources due to a decrease in disposable income may also contribute to the decision to delay purchases.