Although China and India are very large markets when measured by number of consumers,they are relatively small markets when measured in economic terms due to their
A)orientation toward democracy.
B)small share in the world output.
C)high living standards.
D)limited purchasing power.
E)commitment to a free market system.

Question

Quizplus · Accepted Answer

China and India have large populations, but their average income levels are lower compared to developed countries, leading to limited purchasing power on a per capita basis.

Although China and India Are Very Large Markets When Measured