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+--- Thread: what are Social and Market trends or have i just gotten confused? (/thread-7894.html)
what are Social and Market trends or have i just gotten confused? - Daniel J - 10-13-2012 01:01 AM
I was just wondering if enyone knew the answer cause i need it for my business studies
- mysstere - 10-13-2012 01:09 AM
You are not confused:
Social trends have to do with human behavior. For instance, it's was once a social trend for lots of people to smoke. Now the trend is to not smoke.
Market trends are the cyclical ups and downs of whatever chosen market you choose to study. Stock market, market for gold, market for wheat etc. In the above case, the tobacco market would have been up and down in unison with the social trend.
Regards,
Mysstere
- Saphire - 10-13-2012 01:09 AM
Social trends deal with statistics concerned with how society and culture is changing. Market trends deals with statistics that are concerned with where the money is at. Social trends affect market trends. You need both to try and figure out who has the purchasing power, and how you're going to market your goods to attract the part of the population with the most buying power.