Since 1970, Has the Distribution of Income in the US

question 132

Short Answer

Since 1970, has the distribution of income in the US become more equal, less equal, or remained unchanged?

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Definitions:

Brand Equity

The value a brand adds to a product or service based on consumer perception, recognition, and loyalty.

Packaging

All of the activities of designing and producing the container for a product.

Brand-Loyal Customers

Individuals who consistently purchase the same brand's products or services due to satisfaction, perceived value, or emotional connection.

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing behaviors.