Here is a closer look into three of these factors and their connection to businesses:

What are five socio economic factors that can influence your study choices and your future career

• Gender and equity.
• Personal preferences.
• The economic status of the student and the family.
• Employment opportunities for the course being studied.
• Religion and beliefs.

Socio-economic Status. Socio-economic status is defined as the position of an individual on a social-economic scale that measures factors such as education, income, type of occupation, place of residence, and, in some populations, heritage and religion [35].

• Interest Rates. Interest rates are everywhere, and are imposed by many different people.
• Exchange Rates.
• Recession.
• Social Status and Income.
• Education Level.
• Physical Environment.
• Social Support Network.
• Genetics.

Things like lack of drive of social motivation for betterment, unproductive social functions such as war or having very large family sizes, negative social cultures such as gambling and drinking, and lack of skills due to poor training and education are some of these factors.

Socially factors are things that affect someone’s lifestyle. These could include wealth, religion, buying habits, education level, family size and structure and population density.

Consequently, a truly comprehensive model of moral education must address each of these four domains:Direct External, Indirect External, Direct Internal and Indirect Internal.

For example, a person who justified a decision on the basis of principled reasoning in one situation (postconventional morality stage 5 or 6) would frequently fall back on conventional reasoning (stage 3 or 4) with another story.

Its limitations include truncation of the stages and age range assessed. The valida- tion studies, both cross-sectional and longitudinal, have used a correlational design and con- founded age with other variables.