Robust economic growth and rising incomes mean that consumers in China, India, and other emerging markets can buy cell phones as status symbols.

Name: Robust economic growth and rising incomes mean that consumers in China, India, and other emerging markets can buy cell phones as status symbols.
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Question

Quizplus · Accepted Answer

Robust economic growth and rising incomes in emerging markets have led to increased purchasing power, allowing consumers to buy luxury items such as cell phones as status symbols.

Robust Economic Growth and Rising Incomes Mean That Consumers in China