A market with a large number of consumers with low living standards will have a relatively large market when measured in economic terms.

Name: A market with a large number of consumers with low living standards will have a relatively large market when measured in economic terms.
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Question

Quizplus · Accepted Answer

While some markets are very large when measured by number of consumers (e.g., China and India), low living standards may imply limited purchasing power and therefore a relatively small market when measured in economic terms.

A Market with a Large Number of Consumers with Low