What are the indicator(s) that the country’s population is still young? What is the consumption preference of the young? Yet, why do we say that the country’s population is gradually aging? Why has household consumption been marginalized through the years? How has declining purchasing power changed the household consumption pattern?

What are the indicator(s) that the country’s population is still young? What is the consumption preference of the young? Yet, why do we say that the country’s population is gradually aging? Why has household consumption been marginalized through the years? How has declining purchasing power changed the household consumption pattern?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Answer in 2-3 sentences

What are the indicator(s) that the country’s population is still young? What is the

consumption preference of the young?
Yet, why do we say that the country’s population is gradually aging?
Why has household consumption been marginalized through the years?
How has declining purchasing power changed the household consumption pattern?

Definition Definition Value of one unit of currency in terms of goods and services. Purchasing power refers to the ability of money to purchase goods and services at a particular point of time. As price levels in the economy increase, the purchasing power of one unit of currency decreases and vice versa.

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Step Ans 1.1The indicators that the country's population is still young are high birth rates,

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Step 3 Ans 3 social discriminations like caste, gender, economic factors like poverty,

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Step 4 Ans 4 If there is decrease in purchasing power, then people will spend less on food,

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