Question

One of the ramification of emerging markets is the creation of a middle class. Discuss This. ​​Please provide as much as possible, thanks.

Answer 1

One of the ramifications of emerging markets is the creation of a middle class household that generates new markets for everything from disposable diapers to automobiles. Middle-class in emerging markets differs from that in the United States. discretionary income that is income not needed for food, clothing and shelter. It is income that can be spent on goods such as washing machines, TVs radios, better clothing, and special treats. Examining how income is spent in households between developing and developed countries reveals that more household money goes for food in emerging markets than in developed markets. Second to food, the next category of high expenditure for emerging and developed alike is appliances