Question

Americans’ core value of upward mobility (i.e., success will come to anyone who works hard) has greatly influenced the way luxury goods are marketed. this phenomenon is an example of a(n) _____ factor. demographic economic technological political and legal social

Answer 1

this phenomenon is an example of a social factor.
Social factors are all the things that could affect someone's lifestyle. The statement indicates that in order to maintain a luxurious lifestyle, a lot of people are willing to impose price that i way higher compared to
normal customers.