income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 : 한 그룹의 지출은 다른 그룹의 수입이 된다는 개념. 소득은 다른 그룹을 위한 수입원을 만들기 위해 소비되는 것이다.
56. Class I oligopoly : An oligopoly in which firms are unorganized an
Class Indexes
○ Computerized status index (CSI)
ー A modern index used to determine social class through education, occupation, residence, and income.
○ Status Crystallization
- When consumers are consistent across indicators of social classincome, education, occupation, etc.
- It's difficult for marketers to neatly categoriz
class
It is expected that there is going to be an increase in the affluent middle-class due to a surge in economic growth in India. These days, the sale scale of motorcycle and tricycle are respectively about 7.4 million units, 0.4 million units. At the present rate of middle class' income progress, they are willing to pay more money to buy the cheapest car.
Moreover, Tata will launch a new Na
Income Versus Social Class
○ More money - higher social standing
○ Income is not strongly related to social class for several reasons.
1.income levels often overlapsocial classes.
2.income increases greatly with age, but older workers do not automatically achieve
higher social staus.
3.in many countries an increasing numberof dual career familie
income and distribution efficiency, which will encourage rural consumption and unleash the huge potential of the vast rural market.
2-3. The rise of the middle-class
A rapidly growing middle class has emerged. According to the National Bureau of Statistic of PRC (NBS), middle class refers to those with annual household income of 60,000 yuan (USD 7,230) to 500,000 yuan (USD 60,240). This grou