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 group of people has stable income, can afford private-owned houses and cars, and have extra money to spend on beauty goods, holiday and education. They have higher exp
class in India have contributed in shifting a potential consumer to a real consumer. Consumption was considered as a sin in the past however, this conventional wisdom has been disappearing and the middle class' spending, influenced by economic growth, has been increasing in the car market that is related to life convenience.
Thirdly, as 50% of India people is the young generation, they are consc
(1) Poor road conditions
-> Not sensitive about max. speed
(2) Indian consumer
- price-sensitive
- expansion of the middle class
- design
1. Economic growth
-> Consumption Increase
2. Better social infra. (road)
-> Cars substitute bikes
3. Demand for mobility
-> car sales will increase
Tata Swach: disruptive innovation in low-cost water filter market
-Strong Product
1. South Korea's economic development process characteristics
South Korea South Korea tragedy of war, foreign intervention and the ruling class and the difficulties faced 1945 Throughout the 1960s, but the potential development of Korea's indigenous economic development plan since 1962, conducted through the enabling economic growth was. In this period of economic growth led by exports of pri
class, it means that they have a wide gap between high-class and low-class. The fact that there is a huge gap between cities and outside the cities in terms of the population density, it causes lots of problems.
2. Spain Economic
A. General view of Spain Economy
Spain's economy is the 8th largest worldwide and the 5th largest in Europe. It is also the 8th largest FDI recipient in the w